Panera, Krispy Kreme owner to acquire Pret A Manger, give 12K employees $1,300 bonuses

JAB Holding Co., which owns Panera Bread, Krispy Kreme and Peet’s Coffee, has agreed to acquire sandwich chain Pret A Manger from Bridgepoint Advisers in a deal estimated to be worth $1.9 billion, according to Fortune.

Advertisement

Bridgepoint Advisers paid $463 million for Pret A Manger in 2008. The company generates $1.1 billion in annual revenue across its 530 worldwide stores.

Pret CEO Clive Schlee tweeted that all Pret’s 12,000 employees will receive a $1,323 bonus when the deal is completed.

More articles on business:

GM, Ford stocks rise amid US probe of auto imports
Netflix’s $150B market value now tops Comcast
Uber ends self-driving program in Arizona after fatal crash

Advertisement

Next Up in Capital

Advertisement

Comments are closed.