C N Wright has been a feature of the high street in Codnor, Derbyshire, since 1888.
, C N Wright Butchers said: "The current financial and energy crisis has hit our business, and other similar ones very hard."We've always tried to offer value alongside quality, but if we passed on all of these additional costs to our customers, we would have very few customers left."
Arthur and Julie's son, Chris - who also works in the shop - is exploring roles elsewhere, the announcement said. The statement added: "We realise this news will come as a shock to a lot of people who have come to know 'Wrights' as a Codnor institution.
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