Bread Holdings, the premium bakery group behind the Gail’s chain, has kicked off a process to find a new buyer as it emerges from the challenges of the pandemic
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.
Risk appoints senior team to lead Curious Brewery
Risk Capital Partners (RCP) has marked the completion of its purchase of the award-winning Curious Brewery by appointing brewing veteran Mark Crowther and former UK head of Budweiser Budvar Simon George to the business as chairman and managing director, respectively.
Crowther was most recently CEO at Liberation Group, and previously held senior positions at Carlsberg, Brakes, and Diageo. He is currently non-executive chairman at Portobello Brewery.
George, who will be responsible for day-to-day operations, led Budweiser Budvar in the UK for seven years before stepping down in January, and previously held senior commercial roles at Magners, Coors and Constellation Brands.
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