Published:
Sale of Gail's parent company being explored: report
This comes one year after the sale was initially shelved.
A sale of his Gail's Bakery chain is being revived by entrepreneur Luke Johnson, months after his investment in Patisserie Valerie.
Sky News reports that Johnson has begun sounding out bankers about an auction of part or all of Bread Holdings, Gail's parent company.
Citing insiders, the publication said the timing and structure of any sale “had yet to be decided”, but confirmed that the businessman had decided to explore options.
Aside from Gail's bakeries, Bread Holdings owns Bread Factory, a wholesale business, and a string of other subsidiaries.
Sky News also suggested that a sale could take place in 2020.
Read more here.
Photo credit: Gail's Bakery Facebook
