Britain’s biggest bakery chain is cutting 820 jobs but sales have improved in 2021
The coronavirus pandemic has pushed Greggs into its first annual loss since the bakery chain floated on the stock market 37 years ago, but the company will push ahead with plans to open 100 new shops this year.
The company, known for its sausage rolls and steak bakes, posted a pretax loss of £13.7m in 2020, compared with a profit of £108m the year before, as like-for-like sales fell 36%. It was its first annual loss since it floated on the London Stock Exchange in 1984.
