Lola’s Cupcakes bakes £30m takeover by Finsbury Food

Lola’s Cupcakes bakes £30m takeover by Finsbury Food

A deal for the DBAY Advisors-owned cake manufacturer to buy the chain of outlets producing handcrafted cupcakes is expected to be signed within days, Sky News learns.

Lola’s Cupcakes Bakes £30m Takeover By Finsbury Food - Great Yorkshire Radio

Sky News has learnt that Finsbury Food, the speciality bakery business which was listed on the London Stock Exchange until being taken over in 2023, is within days of signing a deal to buy Lola’s. City sources said on Thursday that Finsbury Food was expected to acquire a 70% stake in the cupcake chain, which trades from scores of outlets and vending machines. Lola’s Cupcakes was founded in 2006 by Victoria Jossel and Romy Lewis, who opened conce…