Department of Coffee and Social Affairs has acquired four Baker & Spice outlets in London from Patisserie Holdings. undefined
“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,” says Matthew Gill, Deputy Chairman of Department of Coffee and Social Affairs.
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.
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Patisserie Holdings went into administration in January 2019, with auditor KPMG’s Blair Nimmo and David Costley-Wood acting as joint administrators.
Patisserie Holdings operated more than 200 cafés and bakeries in the United Kingdom across five brands: Patisserie Valerie, Druckers Vienna Patisserie, Philpotts, Baker & Spice. and Flour Power City.
In February, it was announced Causeway Capital Partners had acquired the Patisserie Valerie and Philpotts brands.
“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,” Costley-Wood says.
Department of Coffee and Social Affairs is an independent specialty coffee chain based in the UK. After opening in 2010, the café chain spread across the UK, now operating close to 20 stores.
The company was named Best Coffee Chain in the UK and Ireland at the 2018 European Coffee Awards.