Hospitality entrepreneur Luke Johnson hopes upmarket cafe chain Gail s will command a price of up to £250m
One of Britain s best-known hospitality entrepreneurs is preparing to sell Gail s after strong sales in the pandemic.
Luke Johnson, who made his name growing Pizza Express in the 1990s, hopes the upmarket cafe chain will command a price of up to £250million.
While many hospitality businesses suffered in the pandemic, Gail s 68 cafes drew big queues.
It plans another 30 sites in the next three years. Johnson s private equity vehicle, Risk Capital Partners, confirmed Sky News report that it had asked Nomura bankers to review options.
Moneymail editor Victoria Bischoff has waited to get married for 18 months
Her first attempt to walk down the aisle in September last year was cancelled
Her second is on a knife-edge because of fears about the Indian Covid-19 variant
Survey revealed more than 132,000 couples had postponed weddings in 2020
Currently draconian government rules mean that you can have only 30 guests
The wedding industry - worth £14.7bn to the economy each year - is on its knees
He said the government was considering all options for the steel plants operated by the struggling GFG Alliance but stated that public ownership of the assets was the least likely route.
Investments not being what they claim to be was cited by 44% of investors as their biggest worry about putting money into environmental, social and governance products.