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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 t...

By Amy North2021-04-30T09:33:00+01:00 “Bread is not posh. Bertinet Bakery is not a posh brand – I want it to be everyone’s bread,” says Dean Arbel, The Bread Factory’s group managing director, who is on a mission to bring sourdough to the masses. Bertinet Bakery, which is part of Bread Holdings along with Gail’s and The Bread Factory, falls under Arbel’s remit. It comprises a retail site in Bath, which remained open to serve locals throughout the pandemic, and the Bertinet Bakery retail brand which is produced at a bespoke 16,000 sq ft factory in Hendon, north London and is avai...

By Alec Mattinson2021-04-16T07:55:00+01:00 Top story Ocado has announced a partnership, including a £10m investment, with Oxford based autonomous vehicle software company Oxbotica to develop a range of vehicles. The two will collaborate on hardware and software interfaces for autonomous vehicles, enhancing and integrating Oxbotica’s autonomy software platform into a variety of vehicles. Ocado said the usage will range from vehicles that operate inside of Ocado’s Customer Fulfilment Centre buildings and the yard areas that surround them, all the way to last-mile deliveries and kerb-to-k...

By Edward Devlin2021-04-16T16:03:00+01:00 Shopper demand for better-quality bread in supermarkets during lockdown has helped the premium bakery group behind Gail’s offset some of the sales losses incurred in the pandemic. Bread Holdings CEO and co-founder Tom Molnar told The Grocer branded sales of Gail’s and Bertinet products in the likes of Waitrose and Ocado had been the highlight of a challenging year. The company, which is backed by Luke Johnson’s Risk Capital Partners, had enjoyed record sales and profits in the year ended 29 February 2020, before lockdown hit, according to new...