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Warrens optimistic for future despite local redundancies

first_imgCornish bakery chain Warrens Bakery said it is optimistic about its future, having dealt with major loss-making areas of the business before the Covid-19 epidemic.Warrens had revised its business format and proactively addressed market challenges head-on, which put it in a much stronger position to deal with market influences like Brexit, changing consumer behaviours and most recently Covid-19, said Mark Sullivan, chairman of Warrens.The company, which went into a Company Voluntary Arrangement with creditors in December 2019, was better equipped for future growth after “having dealt with the major loss making elements of our business pre-Covid,” he said.“It’s likely various businesses in bakery and similar manufacturing sectors will need to pursue such measures in the year ahead, so hopefully we’re ahead of the curve,” he commented.Warrens, which now has 42 stores, is part of the Provenance Brands group, which is expanding in sea salt and ingredients, healthy snacking and other food categories, “so we’re increasingly optimistic about the future,” said Sullivan.Sullivan made the statement following recent negative local newspaper headlines on staff cutbacks at its Plymouth Hospital outlets.The chain is scaling back staffing at its three units at Plymouth’s Derriford Hospital, following the Covid-19 outbreak.It said in a statement that the decision was taken due to reduced visitor numbers at Derriford Hospital.“Through Covid we’ve continued to support regional hospitals and drive online sales, while placing much of our retail estate in hibernation, which is now re-opened. Sadly, due to reduced visitor numbers at Derriford Hospital, where we have several units, we have had to reduce staff numbers in accordance with the new footfall.”last_img read more

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The bailout has arrived

first_imgDeputy Minister of Culture and Tourism Angela Gerekou, stepped down after it was revealed her husband, pop singer Tolis Voskopoulos faced criminal prosecution over the debt.Gerekou and Voskopoulos had filed joint tax returns for many years.Several outlets reported that Voskopoulos’ large debt had been “well known to economy ministry officials” for months.The Greek government accepted Gerekou’s resignation, saying in a statement: “Angela Gerekou has submitted her resignation for reasons of sensitivity and sensibility, so that there cannot be the slightest pretext to hurt the government.”Her resignation came just days after the Greek government launched a high-profile campaign to name-and-shame tax evaders. Facebook Twitter: @NeosKosmos Instagram Greece received the first instalment of its 110 billion-euro rescue package today.The 20 billion-euro cash injection, 14.5 billion of which has come from the European Union and the rest from the International Monetary fund, will act to stave off an immediate default as the first of Greece’s debts matures.The package is designed to protect Greece from falling into greater economic problems as it implements a strict set of austerity measures.Greek families stand to lose up to a third of their income as the country attempts to reduce its 300 billion euro debt and cut its 13.6% budget deficit, which is far in excess of the 3% ceiling put in place by the EU.The bailout payment arrived as the government scrambled to deal with the embarrassing resignation of a government minister, as it was revealed her husband owed a 5 million-euro tax debt.last_img read more

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