Tue, 19 Sep 2017 | BUSINESS SALE
British sandwich chain Pret A Manger is mulling over a sale to a Filipino food group, with the group being valued at more than $1 billion (£740 million).
The proposed deal would be one of the biggest ever executed by a company from the Philippines.
Jollibee Food Corp, which runs 2,700 fast food outlets throughout the Philippines and is often referred to as the country’s equivalent of McDonald’s, is said to be considering an acquisition of the British firm to expand its global influence.
According to reports, Jollibee has been holding private talks with an advisor over a deal for Pret, though both companies have declined to comment.
The Filipino chain is known for its locally-influenced menu of fast food classics, including fried chicken and “sweet-style” spaghetti.
In 2015 Jollibee acquired a 40 per cent stake in American burger chain Smashburger in a deal reported to be worth $100 million. The company has been expanding throughout Southeast Asia, too, and has a market value of over $5 billion at the time of writing.
Pret has built a reputation for selling organic coffee and sandwiches to office workers around 400 locations in the UK, as well as recent forays into cities abroad including Hong Kong and New York.
Last year Pret made £776 million in revenues - a yearly increase of 15 per cent - and opened 50 new retail locations.
It was reported in May that the food chain’s private equity owner, Bridgepoint, is considering offering stock to the public via the New York Stock Exchange.
Find a business to buy here
Subscribe to Business Sale Report here
Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...
LEASEHOLD
The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.
FREEHOLD
Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...
FREEHOLD
|
22
|
|
Mar
|
Scunthorpe nightclub up for sale | BUSINESS SALE
A former nightclub based in Scunthorpe has been put up for s...
|
21
|
|
Mar
|
Kent Logistics provider completes a successful acquisition | BUSINESS SALE
A Kent-based personalised logistics provider, backed by Livi...
|
20
|
|
Mar
|
Warrington construction company enters administration | ADMINISTRATION
A prominent construction business headquartered in Orford Gr...
Sign up to receive our acquisition alert emails to get your FREE guide
|
29
|
|
Apr
|
Pret owner set to buy Côte | BUSINESS SALE
Pret a Manger's owner, private equity firm Bridgepoint,...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources