Pret A Manger sold to private equity firm JAB

Pret A Manger sold to private equity firm JAB
 

UK sandwich and coffee chain Pret A Manger is to be sold by its private equity owners Bridgepoint to Luxembourg-based JAB Holdings.
The two firms did not say how much JAB was paying, although one report put the value of the deal at £1.5bn.
Pret A Manger opened in London in 1986, and as well as its strong presence on the UK High Street has expanded into the US, Hong Kong, China and France
Bridgepoint bought the chain in 2008 for about £350m.
JAB has built up the world's second-largest coffee business during the past five years. It controls packaged brands such as Kenco and Douwe Egberts, as... read more

 
29 May 2018 in Business, Views: 54
Source: BBC
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