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Pret takes £553m goodwill hit due to uncertainty, costs

UK sandwich and coffee chain Pret A Manger has booked a goodwill impairment charge of £553m, citing an uncertain global economic environment and higher employer costs in the UK.

Business • 09 Sep

Pret A Manger wants to expand its US footprint to 300 stores by 2029

Pret A Manger targets 300 US stores by 2029

Pret A Manger is planning to expand its US footprint more than five-fold to 300 stores by 2029, CEO Pano Christou told Reuters today, as the UK sandwich and coffee chain looks to double the size of its overall business.

Business • 20 Oct 23

Pret A Manger said its rebranded subscription service in the UK had seen 17.8 million redemptions in its first three months of 2023, up 31% on last year

Pret takes coffee subscription service to US and France

British sandwich and coffee chain Pret A Manger will launch its monthly coffee subscription service in the US and France this year after the scheme proved a success in its home market, it said today.

Business • 24 Aug 23

Pret A Manger returned to a profit for the first time since 2018 last year

Pret A Manger posts 20% rise in first-half sales

Pret A Manger's plan to more than double the size of its business is progressing well, the British coffee and sandwich chain said today, after posting a 20% jump in first-half sales driven by its growing international business.

Business • 18 Jul 23

Guy Meakin, Interim UK and Ireland Managing Director at Pret A Manger, in the new Dublin store

Pret A Manger opens first shop in Ireland today

British food chain Pret Aa Manger has opened its first shop in Dublin today as part of a planned expansion into the Irish market.

Business • 26 Aug 22

First Pret A Manger store to open in Dublin next week

Well known British deli and coffee shop chain, Pret A Manger, is to open its first store in Dublin next week.

Business • 19 Aug 22

Pret a Manger plans to open up to 20 outlets on the island of Ireland

Pret a Manger recovering after further losses in 2021

Sandwich and coffee chain Pret a Manger has said it returned to profitability in March after suffering another year of hefty losses in 2021 amid lockdowns and Covid restrictions.

Business • 04 Jul 22

Pret A Manger is a common sight on city and town streets across the UK

Pret A Manger to expand into Ireland creating 500 jobs

British coffee and sandwich chain Pret A Manger is to expand into Ireland and Northern Ireland.

Business • 11 Apr 22

Costa told its UK staff today that it has started consultations which could impact more than a 10th of roles

1,650 jobs at Costa Coffee in UK under threat

Cafe chain Costa has said 1,650 staff in the UK are at risk of redundancy as it looks to cut costs amid continued uncertainty over when trade will fully recover following the pandemic.

Business • 03 Sep 20

Pret A Manger said its recent sales have dived by 74% compared with the same time a year ago

Threat to 1,000 UK jobs as Pret a Manger shuts 30 shops

UK coffee and sandwich chain Pret A Manger said today it will not reopen 30 UK shops after the coronavirus lockdown and could cut around 1,000 jobs, reflecting a major hit to customer demand from the crisis.

Business • 06 Jul 20

About one in five businesses in Britain went into hibernation because of the coronavirus lockdown

46% of closed UK firms don't know when they will reopen

Nearly half of businesses in Britain which have temporarily suspended their operations because of the coronavirus lockdown are unsure when they will restart trading, a survey by the UK's official statistics office shows.

Business • 28 May 20

Pret A Manger is to be sold to a company controlled by a family of German billionaires

JAB buys majority stake in UK's Pret a Manger

JAB Holdings, the private investment company of Germany's billionaire Reimann family, has bought a majority stake in UK sandwich shop chain Pret A Manger.

Business • 29 May 18

Pret A Manger