UK: Robust profits and new stores for bakery chain Greggs
UK bakery chain Greggs today [Friday] reported 2001 pre-tax profits up 24% to £32.7m (US$46.6m), its best ever profit report. The group also announced it would open 50 new shops in the UK as it expands its store opening programme. Looking further afield for the first time, Greggs also said it is planning to open a pilot shop on mainland Europe, although it did not disclose in which country it would begin its international campaign.
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