Ole & Steen to open new bakery in St Paul’s

The new site will offer 32 indoor covers and eight outdoor seats.

Ole & Steen will open a new bakery at 141 Cheapside in St Paul’s, London, in the first week of November 2026.

The new site will have 32 indoor covers and eight outdoor seats and will serve the brand’s all-day menu.

It will also feature two self-service kiosks and digital menu boards.

The opening comes after a record year for the business. Ole & Steen reported turnover of £40.2m in 2025, an increase of £3.5m year-on-year.

Like-for-like sales increased 10.3%, whilst customer numbers rose 7.1%.

The St Paul’s bakery will be Ole & Steen’s 27th bakery and coffeehouse across London and the South East.

The business opened its first UK bakery in St. James in 2016.

Founded in Denmark in September 1991, Ole & Steen has been operating in the UK for more than a decade.

Its bakery products are also sold through Waitrose and Ocado.

The business currently operates 26 bakeries and coffeehouses across London and the South East, whilst additional stores are planned in Denmark.