FERRARI’S Bakery has gone into liquidation, the company has confirmed.

The South Wales business is the latest casualty of the economic downturn which has seen thousands of people lose their jobs.

Staff at the remaining 25 Ferrari’s stores have been told to close the doors on the business for the final time, with dozens now facing unemployment at Christmas.

The company had apparently been saved after the company when ICD Wales bought the Ferrari’s and Sweetmans outlets after previous owners Best Bakeries went into administration.

Steve Davies’ company, Nantgarw-based Springfield Soft Drinks, had been a supplier to Ferrari’s and bought up 32 Ferrari’s and Sweetmans stores when owner and main supplier, Best Bakeries, ceased to trade.

But it seems he was unable to save ailing Ferrari’s.



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