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FOOD SERVICES | Staff Reporter, Thailand
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Restaurant tycoon Johnson to sell Gail's bakeries

Sources in the private equity industry expect an auction to get underway next year.

According to Sky News, the board of Gail's-owner Bread Holdings has appointed KPMG to examine options including a sale.

Luke Johnson, the entrepreneur behind a string of the UK's most successful restaurant brands, is reportedly preparing for a prospective sale of Gail's, the chain of bakeries.

A sale of the group is not thought to be imminent, but sources in the private equity industry expect an auction to get underway next year. Some industry-watchers say that Bread Holdings could command a price tag as high as £200m.

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