Pret A Manger is exploring the possibility of selling a stake in the business in anticipation of an initial public offering (IPO). JAB Holding, which acquired Pret for £1.5 billion in 2018, stated they are not presently considering a stake sale, but may evaluate the option as they approach the IPO process. With 700 shops globally and 12,500 employees, Pret is a significant player in the food market, and JAB has emphasized their strategic planning involving hospitality expert Josey Cil as chairman.
"As we move closer to a potential IPO, we may evaluate bringing on a pre-IPO investor."
"JAB Holding bought the sandwich chain for £1.5 billion in 2018 and is contemplating options ahead of a possible stock market flotation."
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