Five Things for Wednesday, including a beloved bakery's new ownership
- Oops!Something went wrong.Please try again later.
- NLS
Grand Central Bakery, known for its baked goods and doing good, will have a new owner. The bakery has adopted a perpetual purpose trust, an ownership structure that ensures the business will not be sold, broken up or diverted from its mission. The home of Adidas in Portland, its North American headquarters, has had some work done on it, including about 220,000 square feet of additional space, three new buildings and a soccer pitch.