Bakery co-operative restructures to offer members a slice of its success

L-R Dianne Walker, Mike Tully and Joe Hall
A North West bakery co-operative is aiming to attract new shareholders to raise capital to fund further expansion and reinforce its ethos of “by bakers for bakers”. Preston-based BAKO North Western Group was founded more than 50 years ago as a regional buying co-operative and shares are still held by its customers. The group has grown significantly over the last five years. In 2013, it acquired BAKO South Eastern and BAKO North East & Scotland in 2015. Turnover has doubled from £66m in 2014 to £132m last year. The grou... For the full story register now for free or login below...