Who Owns
the Gaff?
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Food & drink

GAIL’s

Profile reviewed

GAIL’s operates UK bakeries within the wider Bread / Grain bakery group. Its ownership FAQ names Bain Capital, McWin, Luke Johnson and the executive team as shared owners. [1][2][3]

01 / Behind the name

Who owns GAIL’s?

Private · Shared investor; exact percentage not supplied; Shared investor; exact percentage not supplied [1][2][3]

  1. 01
    Disclosed investment scope

    GAIL’s / Bread Holdings and Grain bakery group [1][2][3]

    As reported · 10 Oct 2026

GAIL’s states that no single person or business holds a majority. Neither Bain nor McWin is assigned individual majority control. The Bread Factory and The Bertinet Bakery are related group businesses included in search aliases, rather than separately counted investment platforms. The tax-strategy entity list does not establish every immediate parent-child step, a complete register or current individual percentages. [1][2][3]

Explore Shared bakery-group investors including Bain Capital and McWin

Owner & brand overview

02 / On the map

Where is it based?

Group headquarters
Not yet verified [1][2][3]
Parent incorporated in
Not yet verified [1][2][3]

Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.

Follow the investment

Investors in GAIL’s

Investor disclosures found

Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.

Disclosed backing

Bain Capital

Held entity · GAIL’s / Bread Holdings and Grain bakery group

Shared investor; exact percentage not supplied

Company ownership page checked ·

GAIL’s states that no single person or business holds a majority. Neither Bain nor McWin is assigned individual majority control. The Bread Factory and The Bertinet Bakery are related group businesses included in search aliases, rather than separately counted investment platforms. The tax-strategy entity list does not establish every immediate parent-child step, a complete register or current individual percentages.

Evidence · 3 sources
Disclosed backing

McWin Capital Partners

Held entity · GAIL’s / Bread Holdings and Grain bakery group

Shared investor; exact percentage not supplied

Company ownership page checked ·

GAIL’s states that no single person or business holds a majority. Neither Bain nor McWin is assigned individual majority control. The Bread Factory and The Bertinet Bakery are related group businesses included in search aliases, rather than separately counted investment platforms. The tax-strategy entity list does not establish every immediate parent-child step, a complete register or current individual percentages.

Evidence · 3 sources

Explore investor coverage

03 / The figures, with context

What does it report in UK tax?

This ownership review has not established a dated UK cash corporation-tax payment for the relevant reporting entity.

United KingdomNot yet verified

UK corporation tax paid

Not yet verifiedCash payment

GAIL’s · UK reporting scope not verified
Annual reporting period not yet verified

The UK tax-paying entity, reporting period and cash corporation-tax payment have not been separately reconciled. Not verified does not mean no tax was paid. [1][2][3]

These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.

Understand the measures

04 / Check our working

The public record.

Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.

  1. 01
    GAIL’s ownership FAQ (opens in a new tab)

    GAIL’s · Current FAQ: Bain Capital, McWin, Luke Johnson and executive team; no single majority

    Accessed 10 Oct 2026
  2. 02
    GAIL’s group tax strategy (opens in a new tab)

    GAIL’s · Year ending 28 February 2027: Grain, Bread, GAIL’s and Bertinet group entities; no cash tax amount inferred

    Accessed 10 Oct 2026
  3. 03
    Bread Holdings investment agreement (opens in a new tab)

    Bain Capital · 14 September 2021: Credit special-situations strategy and partners; agreement rather than completion date

    Accessed 10 Oct 2026