Private equity firm Livingbridge gobbles up a stake in biscuit firm Thomas J Fudge's

 
Suzie Neuwirth
Fortnum And Masons Re Opens After Refurbishment
Thomas J Fudge's biscuits are stocked at Fortnum and Mason (Source: Getty)

Private equity firm Livingbridge has taken a bite out of luxury biscuit maker Thomas J Fudge's, marking the end of 100 years of family ownership.

Livingbridge is thought to have snapped up a controlling stake in the company in a multi-million pound deal, although the exact value was not disclosed.

Thomas J Fudge's was founded in 1916 as a bread bakery in the West Country. It now turns over more than £11m a year and its products are stocked by high-end retailers including Fortnum & Mason.

Benoit Broch, Livingbridge director, said: “Our investment will enable this already strong brand to continue its growth in the UK.”

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