UK-based sandwich and organic coffee chain Pret A Manger could be heading towards an initial public offering (IPO) as its owner, JAB Holding, evaluates the introduction of new investors.
According to the Financial Times, the investment group is contemplating the sale of a minority stake in the business.
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However, JAB Holding claims to have clarified that it is not selling any shares currently in Pret but is open to the idea of a pre-IPO investor as it moves closer to a potential stock market flotation.
The strategic move aligns with JAB’s focus shift from consumer brands such as Pret to financial services, including asset management and insurance.
In May 2018, Pret announced that JAB would acquire the chain from Bridgepoint, a private equity company and its majority owner, for an undisclosed sum.
The chain saw a 10% increase in sales in the first half of 2024.
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By GlobalDataPret strengthened its leadership by appointing a new chairman, José Cil to its board of directors. Cil is a former CEO of Restaurant Brands International.
In March 2025, the chain expanded its global presence by launching a dine-in location in Pune, India.
In September 2024 it collaborated with YOOBIC, a digital workplace solutions provider, to support its frontline teams and facilitate further expansion.
The chain previously commenced a trial with body-worn cameras in six London stores to enhance employee safety.
Pret’s inaugural shop was opened in 1986, and it has grown to more than 700 outlets globally, employing 12,500 team members across 21 worldwide markets.
It is known for its handmade sandwiches, salads and wraps prepared daily in shop kitchens.
