Krispy Kreme owner JAB to acquire sandwich shops from private equity firm
Every Pret a Manger employee is to receive a £1,000 windfall as the British sandwich shop chain is taken over by the German-controlled company behind Krispy Kreme doughnuts and Kenco coffee, in a deal worth more than £1.5bn.
Bridgepoint, the UK-based private equity firm, has agreed to sell Pret to the investment group JAB Holdings, which has been rapidly acquiring companies linked to the coffee market in recent years.
Based in the tax haven of Luxembourg, JAB Holdings is controlled by four members of the secretive Reimann family of Germany: Wolfgang, Stefan, Renate and Matthias, who can be counted among the wealthiest business dynasties in Europe with a fortune of more than €16bn (£14bn).
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