Latest news with #JoséCil
Yahoo
09-06-2025
- Business
- Yahoo
JAB considers new investors for Pret ahead of potential IPO
UK-based sandwich and organic coffee chain Pret A Manger could be heading towards an initial public offering (IPO) as its owner, JAB Holding, evaluates the introduction of new investors. According to the Financial Times, the investment group is contemplating the sale of a minority stake in the business. However, JAB Holding claims to have clarified that it is not selling any shares currently in Pret but is open to the idea of a pre-IPO investor as it moves closer to a potential stock market flotation. The strategic move aligns with JAB's focus shift from consumer brands such as Pret to financial services, including asset management and insurance. In May 2018, Pret announced that JAB would acquire the chain from Bridgepoint, a private equity company and its majority owner, for an undisclosed sum. The chain saw a 10% increase in sales in the first half of 2024. Pret strengthened its leadership by appointing a new chairman, José Cil to its board of directors. Cil is a former CEO of Restaurant Brands International. In March 2025, the chain expanded its global presence by launching a dine-in location in Pune, India. In September 2024 it collaborated with YOOBIC, a digital workplace solutions provider, to support its frontline teams and facilitate further expansion. The chain previously commenced a trial with body-worn cameras in six London stores to enhance employee safety. Pret's inaugural shop was opened in 1986, and it has grown to more than 700 outlets globally, employing 12,500 team members across 21 worldwide markets. It is known for its handmade sandwiches, salads and wraps prepared daily in shop kitchens. "JAB considers new investors for Pret ahead of potential IPO" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scottish Sun
06-06-2025
- Business
- Scottish Sun
Owner of Pret A Manger plans stock market flotation & may sell stake in business
Pret opened its first shop in London in 1986 and now the chain employs 12,500 staff in more than 700 locations PRET STAKE SANDWICH Owner of Pret A Manger plans stock market flotation & may sell stake in business Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE owner of Pret A Manger plans a stock market flotation — and could consider selling a stake in the business first. Luxembourg-based firm Jab Holding bought the sandwich chain for £1.5billion in 2018. Sign up for Scottish Sun newsletter Sign up 1 The owner of Pret A Manger plans a stock market flotation — and could consider selling a stake in the business first Credit: Getty But the pandemic saw it post a £343million loss in 2020 as its key customers — office workers and commuters — were kept at home. It then launched cut-priced food and coffee subscription services to lure them back when they returned to the office, which helped sales jump by a fifth in 2023. Pret opened its first shop in London in 1986 and the chain employs 12,500 staff in more than 700 locations across 21 countries. JAB, which also owns Krispy Kreme doughnuts and Keurig Dr Pepper, has ambitions in the insurance and asset management industry and wants to reduce its reliance on the consumer sector. Read More on business LAST CALL Major bar chain to shut ALL 250 venues across the UK for 24 hours next week It suggested it could consider selling a stake in Pret ahead of a potential listing. JAB said: 'As we move closer to a potential IPO, we may evaluate bringing on a pre-IPO investor.' It is the first time the group has publicly confirmed IPO plans for Pret. Ahead of the potential listing, it appointed former Restaurant Brands International chief executive José Cil as chair of Pret last month. Pret's chief executive since 2019 is Pano Christou, who started as an assistant manager in a central London outlet at 22. The minicab driver's son, 45, grew up in Tooting, South London, and now earns more than £400,000 a year. Android users warned as major brand shuts down phone business BANK MIS-APP THOUSANDS of customers were unable to log in to NatWest's mobile app yesterday. More than 3,000 outages were reported through services-monitoring site Downdetector. The bank blamed the problem on an update it made the day before and said it was 'working to fix it as quickly as possible'. PAD PRICE DIP THE average UK house price fell by around £1,150 or 0.4 per cent last month, stats from Halifax show. But property values have increased by more than £7,000 on average over the past year. Prices climbed 2.5 per cent in the 12 months to May, but that was a fall from April's annual increase of 3.2 per cent.
The Sun
06-06-2025
- Business
- The Sun
Owner of Pret A Manger plans stock market flotation & may sell stake in business
THE owner of Pret A Manger plans a stock market flotation — and could consider selling a stake in the business first. Luxembourg-based firm Jab Holding bought the sandwich chain for £1.5billion in 2018. But the pandemic saw it post a £343million loss in 2020 as its key customers — office workers and commuters — were kept at home. It then launched cut-priced food and coffee subscription services to lure them back when they returned to the office, which helped sales jump by a fifth in 2023. Pret opened its first shop in London in 1986 and the chain employs 12,500 staff in more than 700 locations across 21 countries. JAB, which also owns Krispy Kreme doughnuts and Keurig Dr Pepper, has ambitions in the insurance and asset management industry and wants to reduce its reliance on the consumer sector. It suggested it could consider selling a stake in Pret ahead of a potential listing. JAB said: 'As we move closer to a potential IPO, we may evaluate bringing on a pre-IPO investor.' It is the first time the group has publicly confirmed IPO plans for Pret. Ahead of the potential listing, it appointed former Restaurant Brands International chief executive José Cil as chair of Pret last month. Pret's chief executive since 2019 is Pano Christou, who started as an assistant manager in a central London outlet at 22. The minicab driver's son, 45, grew up in Tooting, South London, and now earns more than £400,000 a year. BANK MIS-APP THOUSANDS of customers were unable to log in to NatWest's mobile app yesterday. More than 3,000 outages were reported through services-monitoring site Downdetector. The bank blamed the problem on an update it made the day before and said it was 'working to fix it as quickly as possible'. PAD PRICE DIP THE average UK house price fell by around £1,150 or 0.4 per cent last month, stats from Halifax show. But property values have increased by more than £7,000 on average over the past year. Prices climbed 2.5 per cent in the 12 months to May, but that was a fall from April's annual increase of 3.2 per cent.
Yahoo
19-05-2025
- Business
- Yahoo
Panera Brands appoints former RBI CEO José Cil as chairman
US-based fast-casual restaurant chain Panera Brands has appointed José Cil as the new chairman of its board of directors. Panera Brands comprises Panera Bread, Einstein Bros Bagels and its regional brands, and Caribou Coffee. Cil brings extensive experience to the role, with a previous tenure as CEO of quick service restaurant company Restaurant Brands International (RBI). He will work closely with Panera's leadership team to drive growth and enhance guest experiences across its portfolio. Cil succeeds Patrick Grismer, who has been nominated to serve on the board of Krispy Kreme. Panera Brands CEO Paul Carbone stated: 'José brings to Panera more than two decades of restaurant industry leadership experience and an impressive track record of innovation and execution, and I'm tremendously excited to work alongside him to continue powering our growth.' 'I look forward to working with José and the leadership team to build a strong culture, to deliver an exceptional guest experience and to drive franchise profitability. I would also like to thank Patrick for all of his partnership during his time on the board and wish him the very best.' During his time at RBI, Cil oversaw significant growth, including system-wide sales of more than $40bn and expansion to 30,000 restaurants in more than 100 countries. His achievements include the global expansion of Burger King, Popeyes and Tim Hortons, and the acquisition of Firehouse Subs. Cil's earlier career comprised 20 years at Burger King, where he held leadership positions including global president, and was president of Burger King EMEA (Europe, Middle East and Africa). He also serves on the boards of Norwegian Cruise Line Holdings and Restaurant Brands Europe. Cil stated: 'Panera Bread, Einstein Bros and Caribou Coffee are three widely beloved brands with incredible growth potential.' 'I look forward to working closely with the board, Paul and his management team to build a high-performance culture at Panera with a guest-first mindset and to stay laser-focused on delivering great guest experiences while serving high-quality and innovative food at a good value.' Neil Golden, Buck Jordan, Andre Molinari, James Pappas, Emiliano Román and José Tomás have also been appointed to the Panera Brand companies board. Each brings unique experience to support the company's growth. Golden's 25-year career at McDonald's includes serving as chief marketing officer for McDonald's USA from 2007 to 2014. Jordan, the founder and CEO of Vebu, has expertise in food industry automation. Molinari, with development and mergers and acquisitions (M&A) knowledge, has served as head of global development and M&A for Restaurant Brands International and head of international development for Tim Hortons. Pappas's understanding of the food business, Román's advisory experience and Tomás's HR and operations expertise are also expected to support Panera Brands. Gerhard Pleuhs and David Deno will continue their service on the Panera Brands board. In March 2025, Panera Brands named Paul Carbone as its new CEO. "Panera Brands appoints former RBI CEO José Cil as chairman" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
