Pret A Manger to be sold to JAB

The transaction is expected to be completed this summer although the terms have not been disclosed.

Having opened its first shop in London in 1986, Pret operates 530 stores worldwide and generates group revenues of £879 million. With a strong presence in the UK, the chain also has stores in the US, Hong Kong/China and France. Its sandwiches, salads and wraps are made freshly each day in shop kitchens.

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Clive Schlee, chief executive of Pret A Manger, said: “Bridgepoint have been wonderful owners of the business for more than a decade. All of us at Pret believe JAB…