Aerated Bread Company
once-famous British bakery and tea-room chain
The Aerated Bread Company Ltd (A.B.C.) was a British company founded and headquartered in London. It was established in 1862 by John Dauglish as a bakery using a new method he had developed for breadmaking which did not use yeast. In 1864 it opened a shop selling tea and other groceries, followed in the 1870s by tea rooms. It was one of the first café chains in Britain and other parts of the world. (Others included Lyons and Lockhart's Cocoa Rooms)
History
Founding
The Aerated Bread Company Ltd was founded in 1862 by John Dauglish (1824–1866).
The company had a factory in Adelaide, in the colony of South Australia, in the 1870s-1880s. Cecil Augustus Motteram, who later established his own company manufacturing biscuits, became manager in 1881.
The business was created as an incorporated company listed on the London Stock Exchange (LSE). When the company was floated, its failure was predicted and its initial public offering was poorly supported. However, its initial £1 shares had risen to £5 7s 8d by 1890.
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This entry incorporates text from “Aerated Bread Company” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.