Pret A Manger to be acquired by Panera owner JAB

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“The owner of Panera Bread on Tuesday added yet another name to its growing collection of coffee and fast-casual chains with the acquisition of a majority stake in the British concept Pret A Manger from the private equity firm Bridgepoint.”

“About three quarters of Pret’s shops are in the U.K. There are 90 stores in U.S. cities, the majority of which are in New York. The deal is expected to close later this summer.”

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