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
I write this short email as will most of us running our own businesses time is so valuable and always too short. That is one reason why we are so please to work with and have CPA recruit for our business. We initially had someone to ones with our CPA account manager and have got to know each other over the past couple of years. The knowledge that their consultant has of our company has enabled CPA to hand pick candidates that have had a great initial fit and led to some very good interviews with new team members being employed.
Thank CPA we will be back again as we grow.
Founder / Owner
Chilled Branded SME Food Business