Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Pret A Manger weighing up sale to Filipino food group

Pret A Manger weighing up sale to Filipino food group

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


Share this article



Latest Businesses for Sale

Air Conditioning Systems And Specialist Motor Vehicle Services
North West, UK

Designs, supplies, installs and maintains air conditioning systems for commercial and domestic clients. Air conditioning systems are provided by leading manufacturers including Daikin, Mitsubishi, Toshiba, Fujitsu, Panasonic and Hitachi.

Asking Price: Offers Invited
Turnover: £734,672

LEASEHOLD


Specialist Joinery And Carpentry Services
South of England, UK Wide

The comprehensive service offering includes structural timber work, roofing, first- and second-fix carpentry and bespoke joinery. Benefits from a network of prestigious subcontractors.

Asking Price: Offers Invited
Turnover: £3,500,000

RELOCATABLE


Award-Winning Roofing Contractor
UK Wide, South East

Undertakes residential, commercial and industrial roofing projects, predominantly working with clients based across South East England. Services offered include, but are not limited to, slating and tiling, reinforced bituminous membranes, liquid coa...

Asking Price: Offers Invited
Turnover: £2,690,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Apr
 

Peer-to-peer lending business enters administration | DIVISION SALE

Business Loan Network, a peer-to-peer lending business, has ...

 
19
 
Apr
 

Historic Burtonwood brewery put up for sale | COMMERCIAL PROPERTY

Molson Coors' Burtonwood Brewery has been put up for sa...

 
16
 
Apr
 

Owner of Cabot Circus shopping centre in sale talks | BUSINESS SALE

The owner of Cabot Circus shopping centre in Bristol has con...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Apr
 

Pret owner set to buy Côte | BUSINESS SALE

Pret a Manger's owner, private equity firm Bridgepoint,...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.