European investment firm JAB Holdings, which owns Krispy Kreme, Dr Pepper Snapple and Panera Bread, said Monday it is buying a majority stake in sandwich chain Pret a Manger.
JAB is paying approximately $2 billion to private equity firm Bridgepoint, according to the Financial Times. Employees of Pret a Manger on the week that the deal closes will receive $1,333.
Pret a Manger operates 530 stores worldwide, 381 in Britain, 92 in the U.S., 24 in France, among other locations, and has yearly revenue of $1.163 billion.
JAB also owns Au Bon Pain, Peet's Coffee & Tea, Caribou Coffee, Keurig Green Mountain, Einstein Noah Restaurant and Espresso House.
The deal comes after Bridgepoint had been considering an initial public offering for Pret A Manger, according to Bloomberg.