date:Nov 29, 2012
The administrators of UK pizza producer Paramount Foods has begun a phased wind-down of the business.
The closure of the business, which makes private-label chilled and frozen pizza, comes after a potential deal failed feel through. It will lead to the loss of 278 jobs.
David Whitehouse, partner of administrator Duff Phelps said advanced discussions regarding a sale of the business had been held with an interested party. However, he said for reasons outside of their control has had to withdra