Sandwich maker Pret eyes US listing as Brexit hedge

After opening shops across New York, UK sandwich and coffee chain Pret A Manger may be heading for Wall Street.

Private equity firm Bridgepoint Advisers is considering a US initial public offering of the provider of tuna, mayo and cucumber baguettes and organic coffee, according to sources.

By looking at listing in New York rather than London, where Pret is based, the company is signalling its intention of making a bigger push into the rapidly expanding US market for healthier alternatives to burger chains and other fast-food outlets. Activity in the sector has been fueled by deals such as JAB’s plan to buy soup and sandwich chain Panera Bread.