Pret considering to a stake sale ahead of a possible IPO

Pret A Manger is considering selling a stake in their business ahead of a possible stock market flotation.

JAB Holding bought the sandwich chain for £1.5 billion in 2018 told the Financial Times they are not currently considering a stake sale in Pret, but they could look at this with an Initial Public Offering (IPO).

They told the FT, “As we move closer to a potential IPO, we may evaluate bringing on a pre-IPO investor.”

Luxembourg based JAB also own Keurig Dr Pepper and Krispy Kreme that they had hired a Josey Cil, an hospitality expert as their chairman, he was recently the chief executive of Burger King.

Pret opened their first shop in London, 1986 and the sandwich chain now has 700 shops globally and employs 12,500 people.