Luke Johnson launches bid to sell Gail's café chain: report
Risk Capital Partners has asked Nomura to review options for the chain that will include a sale process.
British hospitality entrepreneur Luke Johnson is making a bid to sell upmarket café chain Gail's.
Sky News reported that Johnson's private equity vehicle Risk Capital Partners has asked bankers at Nomura to conduct a review of strategic options for Bread Holdings, the parent company of Gail's retail business and its central craft bakery.
The news organisation also cited industry sources that “anticipated” that Gail's could command a price-tag of up to £250 million, with “expectations for revenue in the current financial year to exceed pre-pandemic levels and profitability to hit a record in the 12 months to next February.”
Gail's currently trades from 68 outlets.
Read the full report here.
Photo credit: Gail’s Bakery
