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‘Chicken King’ Says U.K. Supply Chain at Crisis Point

  • Company’s bonds lose 10% of value amid logistical snarl ups
  • ‘Pingdemic’ worsens food industry’s woes following Brexit
Supermarket Shelves Empty As Covid And Brexit Lorry Shortage Frustrate Restocking

Photographer: Matthew Horwood/Getty Images

U.K. supermarket shelves will be bare and panic buying will intensify unless problems threatening food supplies are solved promptly, according to Ranjit Singh Boparan, founder of the eponymous British food producer and restaurant owner.

Boparan Holdings Ltd. bonds have come under pressure in recent months as investors weigh the longer term consequences of supply chain disruptions following Brexit. They’re trading at less than 90% of face value, potentially increasing future borrowing costs in the debt markets.