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Excerpt From WSJ Report on Peetís/Panara Merger
Posted by Tango
on May 19, 2020, 9:32 am
The investment firm behind Peet's Coffee, Pret A Manger and Panera Bread is pushing ahead with an initial public offering of its coffee business, aiming to raise up to EUR2 billion ($2.2 billion), according to a person familiar with the matter -- a bet coffee's resilience will appeal to investors amid uncertainty over the coronavirus pandemic.