Three of Lincoln’s Cooplands bakery stores have been closed, resulting in 12 job losses, after the company went into administration.
Around 40 stores have been closed nationally, including the ones on Lincoln High Street, Sincil Street and in The Forum in North Hykeham causing more than 300 job losses nationally.
Of the Lincoln stores, two jobs have been lost from Lincoln High Street, seven from Sincil Street and three from The Forum.
The company had over 80 stores, 26 sandwich vans and 562 employees. Business restructuring specialist Resolve has purchased 41 branches of Cooplands, including the stores on Bailgate and the Carlton Centre in Lincoln, saving over 260 jobs in total.
Deloitte have been names as administrators of the company. Adrian Berry, joint administrator, said: “Cooplands has seen a recent deterioration in trading performance across its retail business, which combined with a significant fixed manufacturing cost, has resulted in unsustainable losses.
“Regrettably we have had to close 39 retail stores together with the bakery and head office in Doncaster.
“However, there is some positive news today with the sale of 41 retail stores and the entire mobile sandwich van business, which will preserve 259 jobs.”
Paul Davies, Director at Resolve, said: “Cooplands will continue to focus on providing great customer service and the best quality products at competitive prices. To celebrate the purchase, Cooplands will be introducing some great new offers from tomorrow.
“We would like to thank our loyal customers and staff for their support during Cooplands’ 83 year history and your local bakery looks forward to serving you for many years to come.”