Business Irish

Saturday 22 October 2016

Fears for 340 jobs as receiver appointed at Irish Pride bakeries

Published 12/06/2015 | 13:26

THERE are fears for 340 jobs after receivers were appointed to take control of Irish Pride’s bakeries in Mayo and Wexford.

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Irish Pride is the country’s second biggest bakery business, with sales of around €50m a year.

Staff have been told the business will trade as normal while the receivers look to sell the bakery group as a going concern.

Receivers Declan Taite and Pearse Farrell of Duff & Phelps were appointed on Thursday.

The business was sold for an undisclosed sum in April 2014 by investment company One51 to WHW Bakeries, controlled by investors Garret and William Lloyd. 

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