In the 19th century Ashby's main industry was leather working. There was also a cotton textile factory and a glue factory. Ashby was surrounded by coalmines but was never a coalmining town itself. By far the largest employer in the town today is United Biscuits, providing about 2,000 jobs at its distribution centre, which stores its products and transports them nationwide, and its KP Snacks factory in Smisby Road. The firm formerly had a larger presence in Ashby. McVitie's biscuit factory on Smisby Road closed in 2004 with the loss of 900 jobs.