A £1.5m carbon neutral food market in Devon has gone into administration three months after it opened, with the loss of 60 jobs.

From todays BBC Devon Website....

Foodeaze owner Nick Hess said it could not compete with the new £220m
Princesshay development in Exeter. The sustainable food business, based
in St George's Hall Market, used locally sourced produce and all transit
vehicles ran on bio-diesel. Mr Hess said the development in Southernhay
had had a huge impact.

He said within five weeks of opening they were close to their break-even
forecast point, but then the opening of the new Princesshay development
in April had a bigger impact than originally forecast. "We put a
percentage into our business plan the effect we thought it was going to
have but unfortunately it was far greater than what we actually
forecasted," he said.

It just shows what happens when the big boys come to town.

Full story from BBC