Openings see Gail's bakeries increase turnover by 28%

05 December 2019 by
Openings see Gail's bakeries increase turnover by 28%

Gail's bakeries have seen turnover grow by 28% to £47.6m in a year that saw 10 new high street openings.

Financial results for the year to 28 February 2019 showed an increase in turnover from £38.8m for the retail business, with a similar number of openings planned for the year ahead.

Parent group Bread Holdings, which also incorporates a wholesale bakery arm, saw turnover increase by 14% to £100.8m. It reported pre-tax profits of £2.3m up from £1m the previous year. The turnover from the wholesale business was £68.3m.

The group as a whole reported earnings before interest, tax, depreciation and amortization of £10.6m, up from £8.3m the previous year.

There are 50 Gail's bakeries in and around London producing artisan bread, pastries and desserts. The business was founded in 2005 by CEO Tom Molnar.

Luke Johnson of Risk Capital Partners, the majority stakeholder, was reported to be considering a sale of Gail's earlier this year. The group said it would also pursue growth in the wholesale market by attracting new customers with quality products.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking