Bakers Oven
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Food (Bakery Group) |
| Founded | 1976 |
| Defunct | December 2008 |
| Products | Bread, sandwiches, drinks and pastries; baked goods |
Bakers Oven was a British bakery chain. In May 1994, it was acquired by Greggs; in December 2008, the shops of Bakers Oven were renamed as Greggs.
History
[edit]
Bakers Oven was founded by Allied Bakeries in 1976, and its first location was in Barnard Castle.[1] In 1984, the company acquired the sixty four outlets of Carricks of Newcastle, and converted them to Bakers Oven.[2] In March 1990, there were 628 outlets and four main bakeries.[3]
In May 1994, it was sold to Greggs for £18.5 million in cash.[4] The transaction included 424 shops and two main bakeries, one in Twickenham, and one in Newcastle.[4] The majority of outlets of Bakers Oven were located in the South of England, whilst most Greggs outlets were in the North, so the property portfolios were complementary.[5] 20% of stores were freehold.[6]
Both chains had sales of around £100 million, but Greggs was significantly more profitable.[5] 169 Bakers Oven outlets had in store bakeries, and 170 outlets provided seating.[3] After the takeover by Greggs, shops of Bakers Oven coexisted with Greggs, offering higher quality at higher prices, and focussing on a higher socio economic demographic.[7] The 2007 Retail Directory stated that were 216 outlets of Bakers Oven.[8]
Rebranding to Greggs
[edit]On 9 December 2008, Greggs announced that Bakers Oven South and Midlands divisions would fully merge with Greggs plc. All 165 shops of Bakers Oven became Greggs, forming the division of Greggs East.[citation needed]
References
[edit]- ^ "An extra 9 million pounds sterling through ABF checkouts. - Free Online Library". Archived from the original on 28 July 2014. Retrieved 24 July 2014.
- ^ "YOUR MEMORIES. - Free Online Library".
- ^ a b Greggs buys Baker's Oven | Herald Scotland
- ^ a b "Greggs buys chain." Times [London, England] 28 May 1994: 22.
- ^ a b ABF rises on Baker's Oven sell-off plan The Observer (1901–2003) [London (UK)] 10 April 1994: A2.
- ^ "ABF in talks on sale of Bakers Oven chain". Independent.co.uk. 23 October 2011.
- ^ Ian Gregg (9 May 2013). Bread: The Story of Greggs. Transworld. p. 253. ISBN 978-1-4481-6855-2.
- ^ Hemming Information Services (2006). The Retail Directory. The Retail Directory. p. 118. ISBN 978-0-7079-7086-8.
External links
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- Retail companies of the United Kingdom
- Bakeries of the United Kingdom
- Food and drink companies disestablished in 2008
- Companies based in Newcastle upon Tyne
- 1976 establishments in England
- Food and drink companies established in 1976
- British companies established in 1976
- British companies disestablished in 2008