All Pret A Manger articles – Page 9
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NewsHostech returns for 2021
Hosetch returns this month as a month-long virtual event and editorial series, bringing you the latest developments in digital technology in the hospitality industry.
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NewsPret appoints former eBay director to exec team
Pret A Manger has appointed a new chief customer and growth officer.
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NewsPret launches debut TikTok campaign
Pret has launched its first marketing campaign with TikTok for the festive season.
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NewsDinners by Pret deliveries expanded
Pret A Manger is to roll out its delivery-only ‘Dinners by Pret’ evening meal service to 30 sites around London, having previously trialled the offer across seven of its UK stores.
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NewsPret rejects Metcalfe lockdown comments amid uproar
Itsu CEO Julian Metcalfe has caused outrage after saying society will not recover another lockdown in order to save “a few thousand lives of very old or vulnerable people”.
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NewsPret announces next wave of job cuts
Pret has announced it is to close a further six stores and place up to 400 jobs at risk of redundancy in response to the expected challenges of the coming months.
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InterviewsPret UK MD Clare Clough: Crisis ‘powered up the engines’ for our digital transformation
The onset of the coronavirus crisis caused Pret to “power up the engines” and move at pace with its digital transformation strategy, UK MD Clare Clough has said.
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NewsPret forced to axe 2,800 jobs
Pret has been forced to make 2,800 staff redundant as a result of the coronavirus. It said though sales and footfall have begun to recover, the impact of the coronavirus had set sales back ten years, when the business was “considerably smaller” than it is now (it had around 200 sites compared to 367 today). Weekly sales are averaging around £5m – the level they were at in August 2010. It also said trade across the UK estate was down 60% down year on year. As a result, the business said it has had to permanently close 30 shops and let 2,800 employees go, thanks to a combination of “shorter opening hours, lower transaction levels, and the losses faced by the business in 2020”.
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OpinionDominic Walsh: Casual dining one of ‘big losers’ of pandemic
It used to be so simple. Come up with a restaurant concept and a brand, open one restaurant, then a second, then aim for five outlets then ten and 20, and if it’s still working, press the button on a nationwide rollout. Well, something like that, anyway.
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NewsPret cuts staff hours by 20%
Pret has confirmed it has asked thousands of its staff to work fewer hours, as part of its post-coronavirus restructuring.
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NewsDeals fall sharply in Q2 2020
Grant Thornton has said deals are still closing amidst the coronavirus pandemic, but the numbers are well down on Q1. Its ‘Food and beverage insights’ report said 27 deals were announced in Q2 2020 compared to 44 in Q1 and that 52 deals were done in Q2 last year, a 39% and 48% fall respectively. However, the total disclosed deal value for Q2 2020 was £2bn from 11 with publicly disclosed values, a significant increase on Q1 2020’s value of £298.8m million. A large part of this 578% increase was down to the £780m JV between Marston’s and Carlsberg to form Carlsberg Marston’s Brewing Company.
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NewsPret launches vegan bakery counter
Pret is to launch a vegan bakery counter in its Veggie Pret stores.
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OpinionDominic Walsh: On not-so-Super Saturday and the pain that’s yet to come
If anyone thought that July 4 would bring down the curtain on the 15-week coronavirus purdah, they were soon disabused of the notion. Super Saturday was – like the weather – something of a damp squib. While some of the big pub companies opened as many as 80% to 85% of their estates on day one, research by CGA suggests that only 45% of hostelries opened their doors on Independence Day.
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NewsPret to close 30 shops
Pret CEO Pano Christou has said it is a “sad day” for Pret after he announced it was permanently closing 30 shops as a result of the coronavirus crisis. He said the impact of the virus on operating costs and cashflow had been “significant”, with sales down 74% year on year, and that Pret would now look to reduce staff across its remaining shops and at its London HQ. It will also look to sell the lease of the building.
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NewsPret could close 10% of UK stores
Pret A Manger could close up to one in ten of its around 400-strong UK estate as it deals with the dramatic drop-off in city centre footfall.
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NewsPret job cut fears following sales slump
Pret could be set to make job cuts as it’s been revealed that weekly sales have plummeted by 85% during the coronavirus crisis.
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NewsPret trials click and collect
Pret has launched a click and collect trial in five of its London stores.