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