Pret a Manger sold to Krispy Kreme owner

29th May 2018

Pret A Manger - the UK-based sandwich shop chain - is to be sold to the German-controlled company behind Krispy Kreme doughnuts for £1.5bn.

Private equity firm Bridgepoint has agreed to sell a majority stake in Pret to JAB Holdings, the investment vehicle of Germany's wealthy Reimann family.

All 12,000 workers will receive a £1,000 windfall on completion of the sale, which is expected to take place in the summer.

Bridgepoint, which bought Pret for £364m a decade ago, had been considering listing the firm in New York.

Pret chief executive Clive Schlee said: "This is a day of celebration at Pret.

"This agreement recognises the hard work of all our amazing teams around the world. Bridgepoint has been wonderful owners of the business for more than a decade. 

 

Source : Sky News 


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