May 29, 2018

Pret A Manger ready to go for £1.5bn

The private equity owner of Pret A Manger is set to sell the UK-based sandwich shop chain for £1.5bn to JAB Holdings, the private investment group taking on beverage giant Nestlé by rapidly acquiring companies linked to the coffee market. The coffee category is one of the fastest-growing consumer businesses, particularly in the US, the world's largest coffee market. A takeover of Pret would be the second major deal for JAB in 2018. Bagels, Krispy Kreme and Panera Bread. JAB also owns upmarket brands such as Stumptown and Intelligentsia Coffee. The Pret A Manger deal is expected to be completed during the summer.

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