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Introduction to Greggs

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Introduction to Greggs
Brief History
Greggs is a well known UK based business that specialises in baking products that are ready to eat in stores. The business is based in Newcastle in England as this is where Greggs was established. Greggs bakery’s was found by John Gregg in 1939 and the first actual Greggs shop was opened in Newcastle in 1952. From then on the bakery has continued to expand in its success which started when John Smith died and his two sons had taken over. They decided to expand Greggs into other areas of the country such as Glasgow, Leeds, London, Kent and Manchester. In 1994 Greggs the bakers completed a takeover of rival bakery, baker’s oven. After this Greggs became the largest bakers shop in the U.K and still continued to rapidly grow.
Greggs Today
Greggs is a Public Limited Company that is listed on the FTSE 250 in the London Stock Exchange. Currently Greggs has 1,671 shops in the U.K with plans to increase this number and add another 500 more. Due to the growth of Greggs it has become bigger than multinational fast food provider McDonalds in the U.K. Currently there are over 20,000 employees that work for Greggs in the bakery stores to the headquarters in Newcastle. Greggs aim to provide freshly baked food every day by having 10 regional bakeries that produce the food and is then delivered by a fleet of 375 delivery vehicles. There are also 90 large in store bakers in the country to provide the freshest baked goods in them stores and other surrounding stores. Smaller savoury baked goods can be baked in stores as well. Greggs see it as key to provide fresh food because everything they bake has been made that same day and does not have a sell by date. In the year of 2012 Greggs recorded revenue of £734,500,000 and a profit of £40,600,000.
Suppliers
Greggs bakery’s aim to get locally sourced ingredients for there products as it provides

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