The administrator for UK baker Peters Cathedral Bakers, which went into administration last month, has sold the company to local peer Coopland & Son (Scarborough) Ltd.
KPMG said today (30 July) the deal for the company, which also trades as Peters Bakery, will safeguard 208 jobs across the business. Around 149 staff, however, will face redundancy.
Peters went into administration last month after the “challenging” retail environment and rising commodity costs squeezed margins.
Cooplands is a family business which sells savoury and confectionery goods to retail and wholesale customers, includes. The sale will include 22 Peters Bakery stores, a 50,000 sq ft factory and its Durham headquarters site.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData