All Pret A Manger articles – Page 10
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NewsPret 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.
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NewsPret adds Just Eat to delivery partners
Pret A Manger has launched a new partnership with Just Eat for delivery, with an exclusive click and collect proposition for in store.
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NewsPret to re-open ten shops on Thursday
Pret will re-open ten shop kitchens located near hospitals on Thursday, for takeaway and delivery only, after requests from NHS workers and hospitals. It’s also reinstated the 50% discount for NHS workers until April. The move will also allow Pret to start up its supply chain and donate around 7,000 meals a week to homeless charities. The kitchens will be open between 8am and 2pm and delivery will be made via third party operators. Pret will also start selling basic groceries like milk, butter and tea.
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NewsMcDonalds, Nando’s and Pret among brands to close entire estate
McDonalds, Nando’s and Starbucks are among a list of operators that have announced estate-wide closures following Friday’s Government announcement.
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NewsPret to close all stores
Pret a Manger has just announced it will be closing all its 400 UK stores from this evening.
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NewsPret spends £20m on allergy overhaul
Pret A Manger spent £20m last year on anti-allergy measures, including full ingredients labelling, as it overhauled safety measures after the deaths of two people who had eaten its products, The Financial Times reports.
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Analysis & InsightSteve Gotham: The devil in the detail on outlet growth
Outlet numbers are a critical metric we closely study within MCA’s Operator Data Index. Recently we rechecked December 2019 numbers, reassessed growth trends and reviewed outlook announcements from operators, ahead of producing our own forecasts of expansion/contraction across 250 leading casual dining brands.
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NewsPret: ‘When it comes to innovation, we don’t have set rules’
Pret’s head of global innovation Hannah Dolan talks to Food Spark about food innovation sprints, the future of Veggie Pret and why the chain prides itself so much on the colour of its food.
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NewsSteve Gotham: Recovering confidence and and accelerating growth in 2020
Encouragingly for most, MCA predicts that 2020 will see stronger net physical increases in store portfolios across the majority of leading operators.MCA’s Operator Data Index includes over 350 branded operators with five or more outlets at December 2019. These stretch across the full spectrum of the market and account for close to 27,000 outlets which claimed modest overall year on year growth of just under 1% in 2019. We are expecting this growth rate to double to 2% in December 2020, with over 500 net new outlets to open, equating to 11 per week.
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NewsPeter Martin: Fairness and equality – the campaign still has a way to go
There’s good news and bad news on the diversity front this month. New official figures show that 33% of all FTSE 100 board directors are now women, hitting the Government’s own target a year early, and up from just 12.5% less than a decade ago. That’s the positive bit – and the fact the milestone was achieved on a voluntary basis, without the need for legislation, fines or penalties, received big thumbs-up from business secretary Andrea Leadsom.
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NewsPret ‘behind the curve’ on digital
Pret has been a “bit behind the curve” in terms of digital innovation, UK MD Clare Clough has told MCA’s Food to Go conference.
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Analysis & InsightFood to Go key take-outs
Now I might be a tad biased, but I thought MCA’s recent Food to Go conference was rather good. It’s always great to hear from operators at the coal-face, and the line-up included several interesting speakers all prepared to share some insights on how they are grappling with the opportunities and challenges of the maturing Food to Go marketplace. And yes, let’s not be in any illusion, some of the froth has come off this previous darling of the Eating Out market, with increasing signs of localised saturation only reinforcing the importance of enhancing consumer relevance. So how is this being pursued?
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Analysis & InsightTop 10 F2G brands grow market share
The top 10 Food To Go brands grew sales by 3.4% in 2019 to a market share of 33.6%, outperforming the wider Food to Go (FTG) market, MCA Insight reveals.
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NewsRetailers’ Retailer full nominees list revealed
The finalists for MCA’s Retailers’ Retailer Awards 2020 have been announced, with the cohort reflecting a diverse and vibrant range of eating and drinking out operators.
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Benzie swaps Pure for Barkby
The Barkby Group, the premium gastropub operator and coffee group, has appointed Douglas Benzie as chief financial officer.
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NewsPret to accelerate Eat conversions
Pret plans to have the Eat estate fully absorbed into the Pret brand by the Summer.
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NewsPret most admired brand for eleventh consecutive year
Pret has been crowned the ‘most admired brand’ by leading industry professionals for the eleventh consecutive year.
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Analysis & InsightUK coffee shop numbers shrink by 0.9%
The UK coffee shop market has shrunk by 0.9% in terms of outlet numbers, following restrained investment in the context of Brexit uncertainty and tough high street trading, Allegra World Coffee Portal reveals.
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NewsGunwharf Quays – Restaurant and retail therapy a plenty!
With more than 30 bars, cafés and restaurants (as well as over 90 shops) Gunwharf Quays offers an abundance of opportunities for plenty of remedial treatment. Supported by its impressive waterfront location, attractive design and assorted leisure-related reasons to visit, Gunwharf Quays is one of the UK’s finest outlet shopping centres. So amongst some Christmas shopping, I was keen to see how it is using its extensive assortment of Food & Beverage purveyors to both restore weary shoppers as well as to act as a footfall driver in its own right. But also, and more critically, I was keener to see some something new and surprising.