July 28, 2017

Yarrows Bakery goes into receivership

Fingers crossed a deal can be reached to keep Yarrows going.

Yarrows the Bakers, the largest independent bakery left in New Zealand has gone into receivership.

The South Taranaki company is in the hands of chartered accountants and advisers BDO and a meeting between Yarrows management and union representatives is taking place this afternoon to inform staff.

Yarrows currently employs 150 staff and bakes up to 40,000 loaves of bread a day. It was founded in 1923 by Alfred and Grace Yarrow.

This is a sad day for Taranaki. Yarrows aside from being a large employer, has been a great supporter of local causes and sporting teams.

Newswarped hopes that the company can be salvaged and keep its independence. New Zealand needs good local businesses like Yarrows to keep the big players and multi-nationals honest in the consumer market.

Comments

  1. Manaia Resident says:

    You have to wonder what part Goodman Fielder played in all of this. They have been gunning for Yarrows for 25 years, but the story only starts there…