Pret A Manger to open 200 more coffee shops in major expansion – suburban areas desired

Pret a Manger chief executive on opening 200 new stores

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Pret A Manger currently has more than 300 stores in the UK as well as operating in a number of other global locations including the US, France and Hong Kong. Appearing on Sky News today, CEO Pano Christou explained the recovery the company has been able to make.

More than £100million is being pumped into the company to fund the expansion, despite losses totalling more than £250million during the pandemic.

The pandemic meant that the chain had to have its doors closed for several months, reopening with strict social distancing rules.

Due to the multiple lockdowns and lack of tourism, Pret had to close 39 shops and cut 3,700 jobs last summer.

However, the chain is now planning on opening 200 new stores in the UK thanks to major funding.

He told Sky News: “For us, coming from Covid, we’ve been really heartened by the recovery ever since freedom day and there’s a lot of things that teams have been doing over Covid to really broaden how we open new stores across the UK.”

Mr Christou added that they are looking at locations to open new stores including retail parks, shopping centres and motorway service stations.

He added: “This gives us real confidence for the future and the goal is to open new stores in just over two years.”

The popular sandwich and coffee chain said it has seen demand return in city centres within recent weeks as more people returned to office.

Michael Mosley shares ‘simple’ and ‘very straightforward’ diet plan [COMMENT]
Asda launches brand new refill store with more supermarkets planned [INSIGHT]
Zara Tindall ‘unashamed’ of ‘comforting’ her children in public [EXPERT]

 Appearing on the Today programme, the CEO explained that Pret A Manger is also looking to open in transport locations.

He said: “Our suburban footprint has done exceptionally well, and we’ve done some tests in motorway service stations that have equally gone well.

“The core city worker areas are still quieter than they were in 2019, we have seen a recovery and a step up.

“It seems Tuesdays, Wednesdays and Thursdays are much busier than Mondays and Fridays.

“We’re very much keeping an eye to see how things evolve throughout the rest of the year.”

The company also plans to take its subscription service overseas as well as launch a new one in the UK.

The subscription service, which allows customers to enjoy five Barista-made drinks each day, costs just £20 each month.

It launched the plan last September and has been hugely popular ever since.

It plans to launch in America, where it has stores across the country.

Pret A Manger also now sells bake-at-home croissants and other foods through supermarkets such as Tesco.

Earlier this year, the sandwich chain said it will open cafes in some Tesco supermarkets, and the first one launched in June.

The company recently launched its autumnal menu with five food items including a burrito, tasty baguette and soup.

Briony Raven, UK Director of Food & Coffee, said: “We’re excited to be launching our new autumn menu which has a big focus on new hot food items and has an inspiration from food all over the world.”

The new menu items includes a chicken & chilli burrito, a chicken katsu baguette, chilli, bean and seed tortilla chips as well as a meatless meatball protein pot.

Customers are also able to pick up different flavoured soups, perfect for the cooler weather.

Source: Read Full Article