F Bailey & Son, of Upper Broughton, was run by Alan Bailey and his son Scott.
A spokesman for the Station Road business confirmed this week that the business had closed but declined to comment further.
F Bailey and Son, which was established in 1905, was one of the founder members of the Melton Mowbray Pork Pie Association (MMPA).
Chairman Matthew O’Callaghan said: “It’s always sad to lose a long established producer but particularly so when it is a business with such a proud tradition.”
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The butchers was visited six years ago by Jamie Oliver and featured on his Channel 4 TV show Jamie’s Great Britain.
Bailey’s also feature in the popular book from the series.
The MMPA has eight remaining members and has recently had an application to join from a producer near Leicester.