Pret seeking €100m loan for post-coronavirus period

The Financial Times has reported that Pret A Manger is seeking a “€100m urgent loan from global banks” to navigate it through the coronavirus crisis. Pret CEO Pano Christou told the FT that Pret had enough cash to make it through the current lockdown but it needed funds for a “test and learn stage” to develop the operation once lockdown restrictions have been lifted.