Rescue Deal Saves Over 400 Jobs at Roberts Bakery
A pre-pack deal with Boparan Private Office has saved 433 jobs at Roberts Bakery.
The investment, made for an undisclosed fee, sees the creation of a new company, Roberts Bakery 1887 Ltd, owned by entrepreneur Ranjit Singh Boparan.
- The deal was announced on 15 October.
- Roberts Bakery was founded in 1887 in Cheshire.
- The company produces bread, speciality bread, and sweet treats for supermarkets and coffee shops.
The pre-pack deal sees the private investment firm owned by entrepreneur Ranjit Singh Boparan create a new company.
The rescue deal comes after the company filed a notice of intention to appoint administrators just over a week prior.
Author's summary: Rescue deal saves jobs.
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