UK: Kingdom Bakers enters into receivership
Kingdom Bakers supplies products to UK supermarket chains Tesco, Sainsbury's and Morrisons
UK-based Kingdom Bakers has gone into receivership, putting 135 jobs on the line.
The Kirkcaldy-based bakery firm, which ceased trading on Friday (27 January), has sent home the employees, who now face redundancy.
Tom MacLennan and Kenny Craig of RSM Tenon have been appointed joint receivers of the independent Scottish bakery firm, which supplies products to UK supermarket chains Tesco, Sainsbury's and Morrisons. The firm has facilities in Kirkcaldy and Dysart.
"Recent attempts by the management to attract fresh investment proved unsuccessful,." RSM Tendon said. "Severe cash flow problems, the cessation of production and pressure from creditors meant that the only option was to place the business in receivership."
The receivers are urging any interested parties to get in touch. Kingdom Bakers declined to comment on the reports.
Morrisons has signed a logistics deal with Bibby Distribution, owner of the Costcutter convenience store chain reports have claimed it has been looking to buy. ...
UK co-op First Milk will not cut the price it pays for milk on 1 August, pledging to help develop "better structures" across the industry after weeks of anger from farmers....
Discount grocer Lidl has increased the amount it pays for milk in the face of protests from dairy farmers, who are shifting their focus from the UK's largest food retailers to pile pressure on the mid...
Tesco is launching an extensive line line of Italian products through the Italiano range....
Asda, Morrisons and The Co-operative Group will today (25 July) hold talks with the UK government to discuss the future of the country's dairy sectors - as farmers protests over milk prices continue....
UK farmers angry at the cuts to the price they receive for their milk will continue their protests despite a deal on a code of practice to govern relations in the industry....
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- US food next wave on display at Winter Fancy Food
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Suntory to offload Australia, New Zealand foods
- Nestle organic growth slows but beats expectations
- Post: Weetabix "opens up M&A opportunities"