While other corporations might choose to spend their money in different ways, this food company is using their sudden influx of cash to thank every single one of their employees for all of their hard work.
Café chain Pret A Manger was recently bought out by investment fund JAB Holdings for $2 billion. As a means of celebrating the economic windfall, Pret’s chief executive Clive Schlee announced on Twitter that the company would be giving a $1,300 bonus to each of their 12,000 employees on payroll.
“Today is a big day for Pret,” wrote Schlee. “As we welcome JAB, we’ll be thanking the people who really matter by giving each of our 12,000 employees £1,000 when the deal completes.”
Though the restaurant is primarily based out of the UK, the collective $12 million payout will apply to the employees in all 530 of their stores around the world. Schlee later wrote on Twitter that the buyout is “serendipity for those who have just joined.”
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The buyout will be applied to everyone’s paychecks once the deal is signed in the summer. Many of Pret’s workers did not even know about the surprise bonus until they were interviewed by news outlets earlier this week.
According to The Guardian, Pret’s buyout is a part of JAB’s continuous efforts to build a food empire out of snack, coffee, and sandwich brands. In addition to purchasing Panera Bread for $7.5 billion in 2017, JAB also bought out Krispy Kreme Donuts for $1.35 billion the year before.
Pret has been quick to personally reassure concerned Twitter users that their new partnership with JAB will not affect their current standard of values, food, or service.
Pass On This Tasty Tidbit Of News To Your Friends – Photo by Choilocif, CC