Plenty of people stopped by to try Grand Central Bakery during its “soft” opening on Dec. 8. Grand Central Bakery officially opened in Cedar Mill on Dec. 9. It is the bakery’s first step into the Oregon suburbs.(Wendy Owen/Staff) OS-OS-
A Pacific Northwest-based bakery chain will no longer be privately owned by family and longtime employees.
Instead, Grand Central Bakery announced that it will create a “perpetual purpose trust,” a new type of corporate structure that confers shares in a company not to individual owners but to a mission. Under this structure, company officials said, the bakery will aim to work toward upholding principles, not profit.
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