Southern Salads:
UK: Weakened pound pushes salad company under, losing 260 jobs
The Tonbridge-based family-run company has ceased trading with immediate effect with "all but a handful" of the company's 260 staff laid off, administrators FRP Advisory said.
The firm supplied supermarkets, restaurants and travel chains across the UK with products including salad leaves, slaws, diced vegetables and deli items.
It had been trading for 30 years and hit £30m turnover in 2015. At its peak it was producing over 50 tonnes of salad per day.
Ian Vickers, joint administrator at FRP, said the firm had struggled to cope with the increased cost of importing European supplies after the fall in value of the pound relative to the euro.
Read more at telegraph.co.uk