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Raising dough: Patisserie Holdings eyes Gail’s takeover bid

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Raising dough: Patisserie Holdings eyes Gail’s takeover bid

Patisserie Holdings is reportedly planning to raise £35m from investors to take over bakery chain Gail’s parent company Bread Holdings.

Sky News has reported that the Patisserie Valerie owner is drawing up plans for a placing of new shares to raise the dough for the deal. The chairman of Patisserie Holdings – serial entrepreneur Luke Johnson – also owns Bread Holdings.

Patisserie Holdings declined to comment.

Gail’s is run by chief executive and co-founder Tom Molnar and has 38 bakeries in and around London. The first Gail’s opened in Hampstead High Street in 2005.

Patisserie Holdings operates 199 stores in the UK and is on course to open 20 new stores in 2018.

Patisserie Holdings reports 9.7% rise in revenue despite “challenging environment” >>

Strong set of interim results announced by Patisserie Holdings >>

Luke Johnson stepping down from Gaucho Group board >>

Gail’s Bakery co-founder and Italian restaurateurs to launch London pizzeria >>

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