By  on May 29, 2018

LONDON — JAB, the largest shareholder in Coty Inc. and former owner of Jimmy Choo and Belstaff, is shifting quickly from luxury to lattes, striking a deal to buy Britain’s Pret A Manger gourmet sandwich chain from Bridgepoint private equity and other minority shareholders.

The transaction is expected to complete later this summer, and the terms of the deal were not disclosed. JAB is acquiring its stake in Pret through an investment vehicle of JAB Consumer Fund and JAB Holding Co., the company said Tuesday.

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