Pret A Manger to be acquired by Panera owner JAB

NEW YORK — The restaurant chain Pret A Manger is being acquired by the European investment firm that bought Panera Bread last year.

JAB Holding Co., based in Luxembourg, did not disclose the financial terms of its deal with the current owner, the private equity firm Bridgepoint. The sale is expected to close this summer.

Pret has 530 locations, known largely for sandwiches and salads. Its biggest presence is the United Kingdom, where it is based, but it also runs restaurants overseas, including in the U.S.

JAB bought Panera last year for more than $7 billion. JAB also has controlling stakes in Krispy Kreme Doughnuts, Keurig Green Mountain, Peet's Coffee & Tea, Caribou Coffee Co.

You may also like these

5 lawmakers leave Australian Parliament due to...

May 9, 2018

Five Australian lawmakers have been forced from Parliament in an ongoing legal wrangle over a...

EU trade commissioner says trade liberalization...

Jun 18, 2018

European Trade Commissioner Cecilia Malmstrom says trade liberalization continues to have global...

China ambassador urges Australia against 'bias...

Jun 19, 2018

China's ambassador to Australia says the strained diplomatic relationship between the two countries...

Usain Bolt to make run at pro soccer in Australia

Jul 17, 2018

Trading spikes for boots, Usain Bolt ready to make run at pro soccer in Australia

Hundreds of refugees protest outside Australian...

Jul 30, 2019

Hundreds of protesters have rallied outside Parliament House highlighting the uncertain futures of...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!