Bagel Factory sells up
8 August, 2012
The Bagel Factory, the UK’s biggest chain of American-style bagel shops, has been bought by the Italy-based Cremonini group.
The Bagel Factory’s estate has grown to about 50 shops and franchise units since launching on Endell Street in 1997, with particular emphasis on London public transport hubs including London Bridge, Marylebone, Paddington and Euston stations. Cremonini, a major food operator across Europe with an annual turnover of around Euros 3bn, has a similar focus on travel operations and will seek to grow its new brand further in the UK and beyond.
The price of the deal was not disclosed. Mark Sheehan, managing director of Coffer Corporate Leisure that acted on behalf of the vendors, 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.”