Pat the Baker readying bid for Irish Pride

Pat the Baker, the Irish bread business, is lining up a bid for Irish Pride, the rival bakery that was seized by its lender last week.

A number of private equity firms and smaller bakers are also eyeing up the business, which was placed on the market yesterday by receivers.

Pat the Baker is the frontrunner, and has previously looked at the Irish Pride business.

Both firms have similar revenues, although it would ...