Administrator Dermot Power, from accountancy firm BDO Stoy Hayward,
which was also owned by .
in Bolton will continue under the ownership of Sayers the Bakers. Mr Power is currently in the process of negotiating the sale of Bolton based savoury product manufacturer Peter Hunt,
Forty poorly performing stores and Sayers' head office and factory in Liverpool were closed yesterday, following the management buy out, which was led by former chairman, Sandy Nike Air Max Tavas Leather Green
"But the high street is a difficult place to be at the moment, and one of the reasons the company failed is because of high energy costs including gas and electricity and dramatic Nike Air Max New Releases 2015
"The management team at Sayers the Bakers will now be sourcing most but not all of its products from external suppliers."
Production at Hampson's Bakery Nike Air Max Women 2015
will now be able to get back into profitability," said Mr Power.
In Greater Manchester, around 50 jobs have been lost following the closure of stores in Chadderton, Didsbury, Macclesfield, Merseyway in Stockport, Newport Street in Bolton, Melbourne Street in Stalybridge, Bolton Road in Worsley, and Copson Street in Withington.
increases in the cost of wheat.
"As countries like India and China find an increasing need for wheat, and the world generally utilises it as a biofuel, the price has escalated upwards." Mr Power said that he would not rule out the possibility of other high street bakers going bust.
"We've sold the retail element of Sayers and Hampsons, and I'm hopeful that that the team which will call their business Sayers the Bakers
blamed massive increases in the cost of wheat and utility bills for 's failure.
If you feel we have made an error in a report, or have fallen below our usual high standards, please write in the first instance to: Rob Irvine, editor, Manchester Evening News, Mitchell Henry House, Hollinwood Avenue, Chadderton, Oldham OL9 8EP.
"I think that some other bakers have done great work in buying their raw materials Air Max Nike 2015 Women and utility bills at set prices, but these will not last forever," he said.
Bakery group goes under
stores was sold to a management team, safeguarding a further 1,400 jobs.
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