The Portuguese Bakery is for sale. Business is already in the oven

The shareholders of the family company “A Padaria Portuguesa”, including the former Gato Fedorento José Diogo Quintela, put the company up for sale, having already hired Haitong Bank to advise on the capital sale process.

According to , the Haitong Bankan international investment bank based in Lisbon, is already receiving proposals by the company, which is expected to close this year with a turnover of 44 million euros.

The family company, controlled by the founder and CEO, Nuno Carvalhoand by his cousin, the well-known comedian José Diogo Quintelais attractive to venture capital funds and private equity funds.

In addition to 78 stores concentrated in the Lisbon and Porto region, has two own production factoriesin Marvila and Porto, and around a thousand workers.

The expansion plan until 2028 recently presented by the company, valued at 16 million euros, foresees the opening of another 40 units and reaching sales of more than 80 million in the last year.

“This plan provides create 600 new jobs by 2028″, the company said in October, in a statement cited by .

“Our permanent mission is to improving their working conditionsand we are very happy to also announce the health insurance assignment to all permanent employees, who represent more than 60% of the people who work with us”, said Nuno Carvalho.

The company’s employees will also benefit from investments in their training next year, career development opportunities and salary progression, added the company’s CEO, founded almost 15 years agoin March 2010, in a small factory in Samora Correia.

“There were other times. Times when the Portuguese, and especially those from Lisbon, increasingly went to buy their bread in large supermarkets, almost always far from their areas of residence”, Nuno Carvalho on the company’s website.

“Our mission was rescue a declining parochial sentimentwith our own manufactured products, personalized and welcoming service, and the widespread opportunity to have breakfast outside the home”, adds the note from the founder and leading shareholder.

In 2022, the company was chosen in the “National Brands” category.