- JAB Holdings is buying the UK sandwich chain Pret A Manger.
- JAB already owns Panera, Au Bon Pain, Caribou Coffee, Krispy Kreme, and Keurig.
The company that owns Krispy Kreme, Caribou Coffee, and Panera Bread just announced a deal to buy Pret A Manger.
JAB Holdings is acquiring Pret from the private-equity firm Bridgepoint.
"We're very excited to partner with Pret and its talented team to continue their extraordinary growth story," Olivier Goudet, JAB's CEO, said in a statement.
The addition adds yet another restaurant chain to JAB's extensive portfolio.
JAB, the investment arm of the secretive Reimann family, has been busily scooping up companies in the consumer and food sectors in the past few years. It spent roughly $7.5 billion to acquire Panera in 2017. The firm also paid about $1.35 billion to buy Krispy Kreme Doughnuts in 2016.
Here's the story of the firm.
JAB acquired Peet's Coffee and Tea in 2012.
JAB Holdings acquired Peet's back in 2012 for about $1 billion.
It then did a deal for Caribou Coffee.
JAB also runs Caribou Coffee Co., which it acquired in 2013 for $340 million. Caribou Coffee is based in Minnesota.
Next up was D.E Master Blenders 1753.
JAB struck a deal in 2013 to buy D.E. Master Blenders 1753, which had been spun out of Sara Lee Corp. a year earlier, for $9.8 billion.
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