Is Pret on the stock market?
The private equity owners of Pret A Manger are preparing to list it on the stock market. Luxembourg-based JAB Holding – which bought the coffee and sandwich chain for £1. IPO) a possibility. UK high street icon Pret a Manger has been sold to JAB Holding for £1. As part of the deal, the company’s 12,000 employees will receive £1,000 each on completion. JAB — a German conglomerate headquartered in Brussels — has acquired Pret from Bridgepoint, a fellow private equity firm.However, JAB said it is “not currently” selling any shares in Pret. As we move closer to a potential IPO, we may evaluate bringing on a pre-IPO investor,” the company said.JAB Holding bought Pret for £1. The owner of Pret A Manger is reportedly considering selling a stake sale in the sandwich chain ahead of a potential stock market flotation.Since 2018, Pret has been 90 per cent owned by JAB, the Luxembourg-based investment vehicle of the Reimann family of Germany.
Does McDonald’s still own Pret?
McDonald’s acquires a 33% stake in Pret. Bridgepoint buys out McDonald’s and other stakeholders for £364 million. JAB Holding Company acquires Pret for £1. Pret partners with PE firm Dallas International to expand and upgrade US stores. LONDON, May 29 2018 – Pret A Manger (“Pret”), a leading company in the ready-to-eat food market, and JAB, a global investment firm with a proven track record of investing in premium brands, today announced that JAB will acquire Pret from Bridgepoint, an international private equity firm and its majority owner, and .Pret a Manger (/ˈprɛt ə ˈmɒ̃ʒeɪ/; French for ready to eat) is a British multinational sandwich shop chain founded in London, England, in 1983. It is popularly referred to simply as Pret.Founded in London, UK, in 1986, Pret A Manger was acquired by Luxembourg-headquartered conglomerate JAB Holding company for a reported $1.Since 2018, Pret has been 90 per cent owned by JAB, the Luxembourg-based investment vehicle of the Reimann family of Germany.
Can you invest in Pret?
In the UK, Pret has traditionally retained direct ownership of its stores. But in recent years, the company announced that it would start trialling franchising in the UK as part of a broader growth strategy. This marked a notable shift, opening the door for entrepreneurs to invest in the brand. At the end of the 2022 financial year, Pret’s global operation announced a return to profit for the first time in four years – shifting from a £168m loss in 2021 to £50.The group returned to profitability in 2022, reporting an annual operating profit of £50. The latest results reflect the success of Pret’s transformation strategy, with the ambition of bringing Pret to more people – both in the UK and around the world.Sales across UK shops are 74% down year on year. Pret is also experiencing a much slower recovery in the UK, in comparison to the other countries it trades in. As a result,30 shops across the UK will be closed permanently in the second half of 2020.Revenue Growth and Profitability: Pret reported a return to profitability in 2022 for the first time since 2018. Its revenue rose by over 20% in the first half of 2023 compared to the same period in 2022.Despite high demand for its products, Pret has struggled with a number of shocks since 2018. It had a bruising few years during the pandemic – its operating loss slumped to £343m in 2020 – and is now struggling with financial pressure from higher wage costs.
Is Pret making money?
The group returned to profitability in 2022, reporting an annual operating profit of £50. The latest results reflect the success of Pret’s transformation strategy, with the ambition of bringing Pret to more people – both in the UK and around the world. Debt management has also been a critical component of Pret’s financial strategy. The pandemic exacerbated the company’s debt burden, which stood at £740 million at the end of 2023, up 6% from the previous year. In response, Pret raised £250 million in new capital in 2024 aimed at reducing debt and improving liquidity.Pret A Manger have recently brought back Larry Billett, the former Pret Chairman to tackle the company’s £700million debt. The sandwich chain racked up loans and debt worth almost £700million at the end of 2022.Pret A Manger Sold to German Investment Fund. The United Kingdom-based sandwich shop Pret A Manger has been bought for $2 billion from investors led by the private equity firm Bridgepoint. The buyer is JAB Holdings, an investment fund of Germany’s Reimann family, which also owns Krispy Kreme.McDonald’s bought its interest in Pret in 2001 for an estimated $50 million. The deal was part of an acquisition effort undertaken by then-chief executive Jack Greenberg, who was looking for a younger brand to offset the slumping performance of McDonald’s namesake U. S.The former CEO of fast-food giant Restaurant Brands International (RBI) has been appointed chairman of Pret A Manger. José Cil, who previously led brands including Burger King, Tim Hortons, Popeyes, and Firehouse Subs, played a key role in growing RBI’s sales to over £30 billion.
Who owns Pret now?
Luxembourg-based JAB Holding, which bought Pret for GBP1. Since 2018, Pret has been 90 per cent owned by JAB, the Luxembourg-based investment vehicle of the Reimann family of Germany.The private equity owners of Pret A Manger are preparing to list it on the stock market. Luxembourg-based JAB Holding – which bought the coffee and sandwich chain for £1. IPO) a possibility.Pret A Manger have recently brought back Larry Billett, the former Pret Chairman to tackle the company’s £700million debt. The sandwich chain racked up loans and debt worth almost £700million at the end of 2022.
Who owns Pret Manger?
In June 2025, JAB Holding, the owners of Pret, announced that they had engaged advisors to explore options for a potential sale or stock market float. UK high street icon Pret a Manger has been sold to JAB Holding for £1. As part of the deal, the company’s 12,000 employees will receive £1,000 each on completion. JAB — a German conglomerate headquartered in Brussels — has acquired Pret from Bridgepoint, a fellow private equity firm.Since 2018, Pret has been 90 per cent owned by JAB, the Luxembourg-based investment vehicle of the Reimann family of Germany.