Goldman Sachs has sold its £50m stake in Pret A Manger, the sandwich chain.

The American investment bank took a 14% slice of the business in 2008 as part of a deal in which Bridgepoint, the private equity firm, bought a majority stake.

Now, the bank has sold its stake to Bridgepoint, which today owns 66% of the company, according to M&C Report, a sister title of British Baker.

Pret A Manger’s founders, Julian Metcalfe and Sinclair Beecham, jointly own a further 15% of the business, with the rest held by the management.

Pret now runs more than 280 outlets in the UK, the US and Hong Kong and has recently expanded into France.

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