COUGHLANS BAKERY CHAIN CLOSES WITH 31 STORES

Coughlans Bakery, a chain co-owned by Romesh Ranganathan, entered voluntary liquidation this week. The bakery, founded in 1937, operated 31 stores across the United Kingdom. The closure was attributed to rising business costs. Ranganathan characterised the decision as "devastating".

Coughlans Bakery had operated for over eight decades before the announcement of its liquidation. The chain's closure occurred amid broader concerns about operating costs facing UK businesses. Ranganathan cited tax increases as a contributing factor to the decision to cease trading. The voluntary liquidation process began following the company's assessment of its financial position.

The closure of Coughlans Bakery represents a significant reduction in the number of bakery locations operating under the brand name across the country. The liquidation will result in the loss of employment for staff working across the 31 stores. Further details regarding the liquidation process and any redundancy arrangements have not been confirmed at this stage.