
Greggs has taken advantage of lower rents to open stores in central locations, such as this one in Leicester Square
(Picture: SWNS)The boss of Greggs has warned that prices will have to rise as the bakery chain grapples with higher costs and slower sales in cities.
Roger Whiteside said the business was in “uncharted territory” as supply constraints, the war in Ukraine and the sluggish recovery of consumer demand post-Covid pushes up costs.