Italy-based Cremonini Group, one of the largest European food operators with a turnover of more than €3b, has acquired Bagel Factory for an undisclosed sum.
Bagel Factory is the biggest bagel shop operator in the UK and Ireland with more than 50 shops and franchise outlets. Locations include many major transport hubs such as Waterloo, London Bridge, Marylebone, Paddington and Euston.
Mark Sheehan, managing director at Coffer Corporate Leisure, who acted on behalf of Bagel Factory, said: "The sale process for Bagel Factory generated a really expansive range of interested parties, from the UK as well as a number in mainland Europe.
"Cremonini Group is one of the biggest players in the European food industry and its strong links with on-board train catering, railway stations, motorway and commercial catering, means they are perfectly positioned to grow Bagel Factory further."
By Caterer News
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