Cherrytree bakery, based in Burnley, UK, confirmed a deal to buy a 12,000 sqft building, next to its facility on Billington Road. The business plans to expand following new retail contracts. It has already hired 50 additional people to support the expansion.
Production resumed on Sunday, March 19, at the Scottish bakery Morton’s Rolls, after the company was bought by the PVL consortium. The bakery started the weekend with limited staff running test bakes before it fully reopened on Sunday, following its sudden March 4 closure.
The Black Sea Grain Initiative was extended on March 18, the day it was due to expire. Since the signing of the Initiative in July 2022, some 25 million metric tons of grains and foodstuffs have been moved to 45 countries, and the initiative has been credited with helping to calm global food prices.
The Wiesheu Group will continue the business operations of the bakery oven manufacturer WACHTEL. The move was approved by WACHTEL’s creditors’ committee and the administrator in its ongoing insolvency proceedings.
‘Angel investors’ could save the 58-year-old Scottish bakery that abruptly stopped operations on March 4. Its staff of around 250 people were informed in a letter that they were “laid off with immediate effect”.
ARYZTA AG reported organic revenue growth of 25.4% in H1, with an EBITDA increase to EUR 129.1 million. Going forward, the bakery is changing its fiscal year from July ending to December ending, to align with calendar year reporting.
Middleby Europe announced the opening of a new Innovation Kitchen in Madrid, Spain. The European team worked for one year on the development of this project.
A strike planned by the workers at Hovis’ Belfast plant was suspended as they consider an improved pay offer made by the management. The strike was scheduled for March 5 and was suspended last moment, with the workers union, Unite, warning that a strike would impact bread supplies across Northern Ireland.
