Staffing, redundancy, external environment - & biscuits!
Pink Panther wafers become first corporate victim of Brexit Deirdre Hipwell, Retail Editor December 16 2016, 12:01am, The Times The fall in the pound was the last straw Brexit claimed its first corporate victim yesterday as the maker of Pink Panther wafer biscuits plunged into administration after a sharp rise in costs following the fall in the pound. Rivington Biscuits made 99 of its 123 staff redundant yesterday. The remaining staff will stay on to keep the business running and to fulfil Christmas and new year orders while the administrator FRP Advisory tries to sell the business as a going concern. The company is based in Wigan but is owned by Van Delft, one of the largest biscuit manufacturers in the Netherlands. Its products also include Count Down granola bars, but it is best-known for its wafers sold under the Pink Panther brand. The manufacturer also makes close to 1.4 million wafers a day for supermarket own-label brands. It is under...