Administrators have closed three stores belonging to Peters Bakery.

Loss-making stores in Billingham and Stockton, as well as the Loaf store in Pity Me, ceased trading today (22 June). Seventeen redundancies will result across the branches.

The chain slipped into adminstration last week, putting 400 jobs at risk. KPMG, which is overseeing the administration, said talks with interested parties were continuing over a possible rescue.