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Pret A Manger is a place worth paying attention to

Pret A Manger, a chain of restaurants best known for its sandwiches, has received a capital injection of 100 million pounds (116 million euros) from its main owner, Luxembourg-based JAB Holding, and one of the company’s founders, Sinclair Beecham. It is set to open 200 new restaurants over the next two years in the UK and expand to five unnamed foreign countries. Pret A Manger currently has five hundred and fifty stores in six countries; In addition to the United Kingdom, it is present in the United States, France, Hong Kong and Dubai.

Photo: ISABEL INFANTES / AFP

Founded in 1983, Pret has been constrained by the coronavirus pandemic, with sales dropping to less than half of the previous year’s £299m (€347.6m) in 2020, closing the year with a £256m loss before tax. (By comparison, the company posted another £26m in 2019.) Even the most visited restaurants in the City of London had to close for months and lay off nearly 3,300 workers. For the first time since restaurants reopened in early summer, the company’s CEO sounded upbeat. Pamo Cristo A In an interview with the Financial Times, Talk about: Traffic is now nearly three quarters of 2019 and could rise further, as expected.

The business model is also changing for a successful expansion. Pret A Manger, previously located primarily in the heart of major cities, in the UK will now expand mainly into country and park towns, and operate half of the newly opened restaurants on a franchise basis.

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