UK Bakery Chain Folds
A UK bakery chain has been forced to call in administrators after failing to find a buyer for the business.
Family-firm Ainsleys, which owns 29 shops, said the business had been heavily affected by the recession, declining retail sales and increased competition in the marketplace.
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Ainsleys employs 293 staff.
The administration of the firm is being overseen by Grant Thornton Chartered Accountants in Leeds.
A statement released by Grant Thornton, said: “The administrators intend to continue trading the business and will be making contact with those same parties and others in an effort to find a purchaser for all or part of the operation.”