The bakery group behind Paul Hollywood's part-baked bread brand is weighing up a £200m full or partial sale.
St Pierre Groupe, which is headquartered in Manchester, has hired advisers from Harris Williams to review strategic options for the business.
The company was founded as Carrs Foods in 1986 as part of a large European bakery group.
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In 2004, it became privately-owned through a management buy-out and secured a £6.7m investment from the likes of investment from BGF and partner Lloyds Bank in March 2019.
Its brands also include St Pierre and Baker Street and has supply deals with supermarkets such as Tesco and Sainsbury's.
When approached for a comment, a St Pierre Groupe spokesperson said: "We have no comment. It is business as usual."
In September 2021, BusinessLive reported that the group's turnover rose to £102.8m in the 12 months to December 31, 2020, up from £88.8m.
The accounts also revealed its pre-tax profits increased from £4.1m to £5.9m over the same period.
In November last year chief executive David Milner outlined the group's plans for the future including expanding into new territories and how to boost its financial results further.
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