Pasty Company to go on sale?

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The West Cornwall Pasty Company could soon be put up for sale, according to reports in the national press.

The Sunday Times suggests that the company, which has appointed BDO to conduct a strategic review of the business, could be on the market for around £30 million.

Earlier this year, the firm, which has been owned by Gresham Private Equity since 2007, cited the so-called ‘pasty tax’ for a drop in sales and income.

The company has more than 70 pasty outlets across the UK – all outside Cornwall.