The investment vehicle of a prominent German family has made major inroads into UK high streets with the acquisition of sandwich and coffee chain Pret A Manger for a deal believed to be in the region of £1.5bn.
JAB Holdings, which operates on behalf of the Reimann family, have agreed the acquisition from private equity owners Bridgepoint in a deal which is expected to complete this summer.
Pret operates 530 stores worldwide, having opened in London in 1986, and as well as its strong presence in the UK it has expanded into the US, Hong Kong, China and France.
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