Greggs Plc
Introduction:
Greggs plc (Greggs) is a UK based bakery products retailing company. Through its subsidiaries, the company produces and retails takeaway foods that include savouries, sandwiches and fresh bakery food products. It also offers health range and regional products with lower fat, calorie and salt quantities. The bakery food products offered by the company comprise pasties and sausage rolls, pies, doughnuts and drinks. It also offers health range and regional products. Greggs operates 1,400 stores across the country and serves approximately six million customers each week. The company is headquartered in Jesmond, Newcastle upon Tyne in the UK
Strategic Corporate Development History of Greggs Plc:
Greggs was a small, local business, never displaying any sign that it later would become the largest chain of its kind in the United Kingdom. The business was founded by John Gregg during the 1930s, when he opened a small bakery in the Tyne suburb of Newcastle, England. There the business stood, mostly unchanged for the next 30 years, as John Gregg served nearby residents his selection of breads, rolls, cakes, and related items. Greggs did not begin to assume the stature of an industry giant until John Gregg died unexpectedly in 1964. His son, Ian Gregg, who had planned a career in law, was forced to shelve his professional aspirations and take over the family business. Ironically, it was its founder's death that gave Greggs new life.
Ian Gregg, who served as Greggs' chairman into the 21st century, took to his new career with relish. Instead of serving as a mere caretaker of the small bakery and its shop, Ian Gregg perceived the modest business as the beginning of a much larger corporation. He began expanding his father's company in the region surrounding Newcastle, establishing the company's model of expansion not long after his father's death. Although the property he inherited consisted of a shop with a bakery in the rear, Ian Gregg decided to separate the
Greggs plc (Greggs) is a UK based bakery products retailing company. Through its subsidiaries, the company produces and retails takeaway foods that include savouries, sandwiches and fresh bakery food products. It also offers health range and regional products with lower fat, calorie and salt quantities. The bakery food products offered by the company comprise pasties and sausage rolls, pies, doughnuts and drinks. It also offers health range and regional products. Greggs operates 1,400 stores across the country and serves approximately six million customers each week. The company is headquartered in Jesmond, Newcastle upon Tyne in the UK
Strategic Corporate Development History of Greggs Plc:
Greggs was a small, local business, never displaying any sign that it later would become the largest chain of its kind in the United Kingdom. The business was founded by John Gregg during the 1930s, when he opened a small bakery in the Tyne suburb of Newcastle, England. There the business stood, mostly unchanged for the next 30 years, as John Gregg served nearby residents his selection of breads, rolls, cakes, and related items. Greggs did not begin to assume the stature of an industry giant until John Gregg died unexpectedly in 1964. His son, Ian Gregg, who had planned a career in law, was forced to shelve his professional aspirations and take over the family business. Ironically, it was its founder's death that gave Greggs new life.
Ian Gregg, who served as Greggs' chairman into the 21st century, took to his new career with relish. Instead of serving as a mere caretaker of the small bakery and its shop, Ian Gregg perceived the modest business as the beginning of a much larger corporation. He began expanding his father's company in the region surrounding Newcastle, establishing the company's model of expansion not long after his father's death. Although the property he inherited consisted of a shop with a bakery in the rear, Ian Gregg decided to separate the