After 74 years of private ownership, the Morrison family sold 100% of its shares to the MFG Employee Stock Ownership Plan (ESOP), transitioning it to a 100% employee-owned company.
We’re on the cusp of the end of all traditional definitions of what a retail baker – or a retailer of any kind – is. This leaves bakery professionals thinking, how does all of this affect my bakery business?
The products you make are traditional to the heritage of your business. But the way you promote your products is nontraditional – in the manner of how you communicate with your customers, young and old.
Many have adopted a pragmatic approach – considering both what has been and what could be – leaving massive potential for where the industry and its players could be over the next 12 months.