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FOOD SERVICES | Staff Reporter, UK

Patisserie Valerie owner slated to bid £150m for Gail's bakeries

Luke Johnson confirmed that Patisserie Holdings was keen to use a “strong balance sheet” to make an acquisition.

According to a report from Business Sale Report, when asked whether Patisserie Holdings would bid for Bread Holdings, Johnson said, “If it were to become available at an attractive price, we’d certainly be interested in looking at it.”

Johnson also said it had avoided some of the pressures facing the rest of the casual dining sector because it offered an “affordable treat, is not London-centric, keeps tight control of costs and is disciplined on rents”.

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