US EditionPret A Manger owner sounds out new investors ahead of potential IPO
- JAB Holding, which acquired Pret A Manger in 2018, is exploring the option of bringing in additional investors as it contemplates a potential initial public offering.
- This consideration follows Pret's recovery after pandemic losses, boosted by rising sales topping £1.1bn in 2023 and increased international growth.
- JAB appointed hospitality veteran José Cil as Pret’s board chair to drive growth and deepen franchisee relationships globally.
- Pret runs over 700 locations worldwide, mainly in the UK, with about a quarter of sales from markets like the US, France, and India.
- The potential IPO and investor interest come amid high debt near £750m, recent subscription service cuts, and JAB’s strategic shift from consumer sectors.
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The Independent+2 Reposted by 2 other sources
Pret A Manger ‘considering stake sale ahead of possible flotation’
JAB Holding bought Pret for £1.5 billion in 2018.
·London, United Kingdom
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Owner of Pret A Manger plans stock market flotation & may sell stake in business - NewsGroove Uk
THE owner of Pret A Manger plans a stock market flotation — and could consider selling a stake in the business first. Luxembourg-based firm Jab Holding bought the sandwich chain for £1.5billion in 2018. 1 The owner of Pret A Manger plans a stock market flotation — and could consider selling a stake in the business firstCredit: Getty But the pandemic saw it post a £343million loss in 2020 as its key customers — office workers and commuters — wer…
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