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THE PRUDENT INVESTOR: My wife wanted a bigger kitchen, so I sold at the worst moment possible! Is Fox’s Biscuits being bought by rival Burton’s? Read this: Is Fox’s Biscuits being bought by rival Burton’s? The billionaire owner of Fox’s Biscuits has been approached by a mystery bidder who wants to take the Party Rings-maker off his hands.
Fox’s as part of a 2011 takeover of Northern Foods. Now the tycoon’s company Boparan Holdings said it has received a preliminary approach for the brand, which trades as Northern Foods Grocery Group. Boparan would not reveal who made the offer, but Burton’s has made approaches before. At the time, Boparan Holdings was being advised by Rothschild, while bankers at Centerview Partners were advising Burton’s. But this failed to result in a deal because Boparan’s asking price was too high, according to reports. However, a tie-up between the two companies had been touted as early as 2014.