Honolulu, Hawaii-based Love’s Bakery, established in 1851, has announced that it will be closing its bakery operations on March 31, 2021. All 231 bakery employees will be laid off.
According to a statement filed with the State of Hawaii...
"COVID-19 has had a major negative impact across many industries, including the hospitality, restaurant, and retail industries. State, local, and federal regulations implemented to reduce the spread of COVID-19 has greatly affected many businesses, resulting in a dramatic decline in revenue across all our locations."
"COVID 19 has also impacted many of our mainland suppliers, causing delays in the ingredients and replacement parts for our aging bakery equipment."
"With the decline in revenue and the increasing expenses to keep the bakery running, we have made the difficult decision to cease operations as a faltering business. We are seriously delinquent in rent and were unable to qualify for the 2'd round of PPP funding. We have not been able to obtain additional financing."
"While we hoped that our business could continue under the circumstances, Love's Bakery has decided to close and cease all operations on March 31, 2021."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
