Gail's owner taps Goldman Sachs to oversee auction

Bread Holdings has tapped Goldman Sachs to oversee the auction of British bakery chain Gail's in 2025.

According to Sky News, Bread's appointment of the US investment banking giant took place in recent days, and will likely lead to a partial or full exit for Gail's existing backers.

The exact timing of the rumoured action was not made clear.

Reporting by Iain Gilbert at Sharecast.com