Pret A Manger to reward 12,000 employees with £1,000 bonus following sale

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Pret A Manger is to be sold for £1.5 billion to secretive German firm JAB Stakeholdings.

A majority stake in the sandwich chain, owned by private equity firm Bridgepoint, will be offloaded to JAB, the investment vehicle of Germany's wealthy Reimann family.

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To celebrate the high street food chain's chief executive Clive Schlee has revealed that 12,000 of that organisation's employees will be rewarded with a £1,000 bonus.