CEO and Co-founder Tom Molnar has dismissed reports that investors are preparing to sell the business as ‘inaccurate’
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UK-based Gail’s Bakery has dismissed reports that investors are preparing to sell the successful boutique café business.
Sky News previously reported that Bain Capital Credit and EBITDA Investment, which took a controlling stake in Gail’s parent company Bread Holdings in 2021, were seeking to begin a formal sales process in 2025, citing sources close to the matter.
According to the report, the sale would have valued the business at ‘well over’ the £200m ($252m) it was purchased for three years ago.
However, in a statement sent to World Coffee Portal, Gail’s Bakery CEO and Co-Founder, Tom Molnar, said the news story was ‘inaccurate’.
“There is no sale process. We are spending our time on baking, serving coffee and playing our part in changing food choices for the better,” Molnar said.
Gail’s opened its first site in Hampstead, London, in 2005 and has since expanded to 130 UK outlets. The business posted
strong annual sales of £135.3m ($158.3m) in December 2023, with parent company Grain Topco Ltd (formerly Bread Holdings) crediting the boutique operator as the ‘fastest growing and more profitable part of the group’.