All Pret A Manger articles – Page 2
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NewsPret trials new shop format targeting hybrid workers in towns
The trial will see Pret shift from its traditional grab-and-go model towards a more dine-in focused offer, with more seating, made-to-order food and added features such as a children’s play area
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NewsPret owner explores new investors ahead of possible IPO
The European investment group, which acquired Pret for £1.5bn in 2018, has engaged advisers to explore options including a stake sale, people familiar with the matter told the FT
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Vagabond Wines, Mouse Tail Coffee, HBR, and more
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NewsPret: Price rises across the sector are ‘inevitable’
MD Clare Clough said wage inflation is having a “significant impact” on the coffee and food to go chain, which is trying to offset or mitigate costs as much as possible
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NewsPret appoints José Cil as chairman
Cil most recently served as CEO of Restaurant Brands International and succeeds Konrad Meyer, who will continue as director
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Analysis & InsightQSR and food-to-go drive growth amid cautious market conditions
QSR turnover is expected to grow 3.4% to £17.7bn, with outlet numbers up 1.5%, while food-to-go is forecast to grow 3.5% to £13.6bn, according to the latest Lumina Intelligence data
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NewsPret’s Clare Clough promoted to MD UK & Europe
Previously responsible for Pret’s UK shop estate of more than 480 shops, Clough’s new role will see her take on around 100 additional shops across Europe
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Afrikana, Pret A Manger, RedCat Hospitality, and more
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NewsExultant bolsters Pret A Manger portfolio with seven new sites
Following last year’s acquisition of the North West London territory, Exultant Group has added seven more Pret A Manger locations to its portfolio
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Analysis & InsightPret on the balance between tech and human interaction
The brand is exploring how to provide an efficient grab-and-go offer while retaining its customer service experience, according to global retail technology director Chris Matthews
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NewsPret CEO: franchising, AI, and the next phase of growth
Pret A Manger is accelerating its shift towards a franchise-first model, with CEO Pano Christou describing the move as a “real big bet” in the brand’s growth strategy
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NewsPret retains £5 monthly subscription fee after backlash
The chain has backtracked on a decision to increase the Club Pret membership fee to £10 per month, saying it wants to offer customers “fantastic value”
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Weekend PressItsu vs Pret: sushi chain takes aim at sandwich shop in lunch break battle
Julian Metcalfe, founder of both brands, believes Asian food challenger will soon be bigger than the UK high street staple, he tells the Financial Times
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NewsPret to debut in South Africa
The country will mark Pret’s debut in Africa and its 20th international market, with £1 in every £4 now spent by Pret customers outside the UK
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NewsJulian Metcalfe on mitigating labour cost inflation
The itsu founder told the Daily Mail the brand will continue relying on technology to ensure its offer remains affordable, as it looks to open “thousands” of stores
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Analysis & InsightPret unwraps festive menu
The Christmas Lunch Sandwich makes a comeback, while cheesy, hearty, and indulgent options lead the way on the innovation front
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Analysis & InsightUnlocking potential: How hospitality operators are giving prison leavers a second chance
With prisons in England and Scotland nearing maximum capacity, and amid high re-offending rates, could the labour-challenged hospitality sector play a part in the rehabilitative solution? MCA speaks to operators working with prisoners looking to turn their life around, featuring Greene King, Pret and Redemption Roasters
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NewsPret agrees £3m settlement over Israel withdrawal
The brand has agreed to pay the compensation to Israeli retailer Fox Group and restaurant operator Yarzin Sella Group following the termination of its franchise agreement to open in the Middle Eastern country
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NewsPret coffee to be served in 1,000 A&W outlets in Canada
Pret has traded in Canada since July 2022, opening several concession sites within A&W QSR branches, before launching its first bricks-and-mortar outlet in Toronto in January 2024
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NewsPret shareholders raise £250m of new capital
News of the raise, which will serve to reduce certain banking facilities and improve liquidity, comes as Pret reports strong sales growth of 10% for the six months to 30 June 2024, driven by global expansion.