A popular brand of pink wafer is under threat after a company went into administration due to a fall in the value of the pound after Brexit.
Administrator FRP Advisory said a “sustained deterioration” since the EU vote had exacerbated the difficulties of Rivington Biscuits in Wigan.
The company, which makes Pink Panther wafers, will cut 99 of its 123 staff, keeping 24 while it seeks a buyer.
The administrators said the firm would “fulfil orders into the New Year”.
Rivington Biscuits is owned by Dutch company Van Delft.
A FRP Advisory spokeswoman said over the past year, the biscuit makers had “experienced particularly challenging trading conditions” and been “left with no viable alternative other than to seek the protection of administration”.
“The problems were compounded by the sharp decline in the value of the pound against the euro,” she said.
The pound fell dramatically after the Brexit vote at the end of June, hitting a three-year low against the euro in October.
This change increased costs for ingredients which Rivington Biscuits import from Europe and escalated their monthly costs, an FRP Advisory spokesman said.