By M&C Report team2007-07-08T07:43:00+01:00
In a major shift to itss ‘follow the skyscraper’ business model, the Pret A Manger CEO tells MCA why the brand is looking towards suburban, regional and travel hub locations.
Pret A Manger has announced plans to open 200 subarban, regional and travel hub sites in the next five years, backed by a new £100m investment from parent company JAB Holdings and founder Sinclair Beecham.
Inflation has soared to its highest level in nine years, with the Office for National Statistics (ONS) claiming this is down to last year’s Eat Out to Help Out scheme.
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Ten Entertainment Group has said it has experienced like-for-like sales growth of 42% in the 11 weeks since 27 June, with footfall growth resulting in the group’s most successful trading period in its history.
There are plenty of opportunities for growth and investment in the pub sector, with “bundles of equity” available, according to Mark Crowther, chairman and investor at both Portobello Brewery and Curious Brewery.
Electra Private Equity, the backer Fridays and 63rd+1st, has said it is on track to float the brands on London Stock Exchange in the fourth quarter of this year.
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