Bakery chain turns its 400 workers into owners

A bakery chain has become one of the largest employee-owned companies in the south west.

Parsons Bakery has created an Employee Ownership Trust (EOT), giving its 400 plus staff a controlling interest in the company.

Founded in 1926 in North Somerset, the family-run business now operates more than 50 shops in 10 different counties across the south west.

Lee Insull-Griffith, Parsons retail director, said: "Now, everyone will get a slice of the pie, pardon the pun."