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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