Gail’s Bakery to open 35 new locations amid £500m sale talks Retail Gail’s Bakery is planning to open 35 new locations across England during its current financial year as it considers a £500m sale. The London-headquartered business opened 21 in its latest 12 months – a period which also saw its revenue surge from £181.7m to £231.7m. Newly-filed accounts with Companies House for the year to 29 [...]
From Pizza Express to Channel 4: Who is Luke Johnson, Revolution Bars Group’s new chair? Retail After a lengthy restructuring process that included £12.5m in emergency funding, Revolution Bars has appointed Luke Johnson as its new chair. The former Pizza Express and Channel 4 chairman provided £3m of the financing and owns a 20 per cent stake in the company. He will replace outgoing chair Keith Edelman, whose nine years in the role [...]
Gail’s owners plot to put posh coffee shop on the market Hospitality Owners of posh coffee shop Gail’s are preparing to hire advisers for a sale which would value the business well over the £200m price tag it sold for three years ago.