Ferrari's

Type
Closure
Country
United Kingdom
Region
Wales;
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.61 - Manufacture of grain mill products
600 jobs
Number of planned job losses
Job loss
Announcement Date
19 December 2006
Employment effect (start)
Foreseen end date

Description

South Wales-based bakery Ferrari's, which employs about 600 people, has gone into administration.

The bakery, whose headquarters are in Hirwaun, near Aberdare, has 60 shops in south Wales, as well as wholesale foods business Celtic Savouries in Swansea.

Ferrari's parent company, Cleary Foods, said that 'lower sales and higher costs' had led to the decision.

The company said administrators had been appointed to control Ferrari's and Celtic Savouries, which will continue to operate while buyers are sought.

Sources

Citation

Eurofound (2006), Ferrari's, Closure in United Kingdom, factsheet number 64682, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64682.