Porto, Brazil’s largest bakery, is shutting its doors for good.
The company’s owners announced the closure on Sunday on social media, saying that it is closing for good on Tuesday due to financial issues.
Porto is a traditional Brazilian bakery owned by the family that makes cookies, cakes and other baked goods.
It is the only one in the country where the owners have no control over what they make.
The decision came after the company lost about 15 million Brazilian reais ($20,000) in its most recent quarter, according to a statement from the owners.
According to the company’s website, the bakery’s turnover reached 1.8 billion reais in 2017, up from 1.1 billion in 2016.
But the situation for the company has become very tough in recent months, and it has lost more than 90% of its sales in recent years.
“It’s been hard to find enough food in Brazil and our financial situation has been deteriorating,” the company said in its statement.
“We are facing a crisis and it is no longer feasible to continue as a business.”