Oliver Adam, bakery in Northampton closed two outlets and it will close nine outlets in total. It has been said that bakery is restructuring because it is losing money. The two closed outlet that were closed, are in Rugby and Daventry. The company announced to close two more outlets in Northampton.
Mark Jarvis, managing director, said: “we are trying to restructure a little. There are number of outlets that are no longer profitable, so we have to close them.” Jarvis said about two outlets in Wood Hill and Wellingborough Road: “They are losing money hand over fist.”
Oliver Adam will continue to operate its 18 other outlets, one of them is near the Wellingborough Road. The bakery in Newport Pagnell will close as soon as lease expires. Jarvis said it was inevitable. He added: “we just have too many shops lose to each other in Northampton.”
“There will be some job lost, but knowing that we are not firing staff rather we are placing them to some other shops to keep the job loss minimum”
Jarvis said that the company will not be rebranded as part of the structure, and company would continue to operate its factory in Gladstone Road.