Tuesday, May 29, 2018

Ready for Yet Another Food Deal, JAB Grabs Pret A Manger

The Wall Street Journal
The owner of Krispy Kreme and Panera Bread is deepening its bet on prepared food, saying it has agreed to buy Pret A Manger Ltd., the British sandwich chain that has been rapidly expanding in the U.S.

Privately held JAB Holding Co. Tuesday said it would acquire Pret, as the chain is commonly known, from private equity owner Bridgepoint Advisers Ltd. The deal values Pret at around $2 billion including debt, according to a person familiar with the matter.. . . more