Bain Capital acquires Gail’s owner for £200m US private equity player Bain Capital has acquired Gail’s Bakery and The Bread Factory owner Bread Holdings in a deal worth £200m. In its most recent financial year to 29 February 2020, Bread Holdings had total revenues of £116.4m. Read more.
Luxury resale site Tradesy eyes expansion Tradesy has secured an additional $67m in funding. The business will use the funds to focus on growth marketing, category expansion and new seller tools. Read more.
LVMH appoints Sylvain Blanc as new CEO of Kenzo Sylvain Blanc joins the Paris fashion brand from underwear specialist Undiz. The news comes in the same week as Kenzo appointed a new artistic director, A Bathing Ape founder Tomoaki 'Nigo' Nagao. Read more.