Sandwiches - part 2

Wednesday, 10 May 2017, 8:49 am

There is a good tale from team Bloomborg knocking around the wires this morning about one of the City's favourite sandwich shops, Pret a Manger, hiring banks for an IPO. Here is the link in case you missed it:

https://www.bloomberg.com/news/articles/2017-05-10/pret-a-manger-owner-said-to-hire-banks-for-u-s-ipo-this-year

Whilst I have no doubt the Bloomberg piece is accurate (there are some top hacks by-lined on the article) it does seem a strange time to an float a business given the uncertainty around so much of the company's staff.

For readers unfamiliar with Pret a Manger, around 90pc of the company's employees are from abroad, with many of the workers emanating from the European Union.

Still, it's always good to see follow up's to little old Betaville's articles. Here is a link to last year's pre-referendum piece: https://www.betaville.co.uk/news/sandwiches/

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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