The administrators confirm that four Baker & Spice outlets in London have been acquired by Department of Coffee and Social Affairs, the independent coffee shop chain.
The joint administrators of Patisserie Holdings plc and its subsidiaries confirm that four Baker & Spice outlets in London have been acquired by Department of Coffee and Social Affairs, the independent coffee shop chain.
The four Baker & Spice outlets acquired comprise those in Belgravia, Chelsea, Maida Vale and in Selfridges on Oxford Street. A total of 68 employees have transferred to Department of Coffee and Social Affairs.
Regrettably, the Baker & Spice store in Oxford does not form part of the transaction and will close with immediate effect, with the loss of 10 jobs.
Dave Costley-Wood, partner at KPMG and joint administrator, said: “Following the earlier sales today of Patisserie Valerie and Philpotts, we are pleased to conclude this deal which sees the highly-regarded London Baker & Spice stores transfer to Department of Coffee and Social Affairs.”
Matthew Gill, deputy chairman, Department of Coffee and Social Affairs, said: “We're very excited to now own Baker and Spice, it's a tremendous brand and the team are looking to build upon its success.”
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