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Beecham, co-founder of the Pret A Manger sandwich chain, will make at least £20m profit on the sale of his Hoxton hotel in east London, which has a £67.5m price tag. He set up Pret A Manger with Julian Metcalfe (qv) in 1986 and McDonald's became a shareholder in 2002. The founders owned more than half the business until its sale in 2008 for £345m. They made £50m each from that and have reinvested in the business, now worth £500m on the back of £46.1m profit last year.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2014 |
Earnings |
Estimated earnings from his business ventures (£110 million) |
$137,600,000 |
2007 |
Earnings |
Estimated earnings when he and Julian Metcalfe sold Pret a Manger to Bridgepoint (£50 million) |
$62,100,000 |
1998 |
Earnings |
Estimated earnings from his business ventures (£33 million) |
$41,200,000 |