Pret A Manger has said it will open more than 200 UK shops over the next two years, after securing a further £100million cash injection – with new stores to come in service stations and outer-London
Image: Getty Images)
Pret A Manger is rebounding from the pandemic with 200 new openings and plans to rehire the 3,000 workers that were made redundant at the height of the pandemic last year.
The company today said it plans to double the size of its business by 2026 with a £100million investment that will increase openings out of London, in transport hubs and motorway service stations.
It said the 3,000 workers will join its workforce by 2023.
The announcement comes as figures filed to Companies House show Pret’s revenue fell from £708million in 2019 to £229millionin 2020.
The chain’s operating loss for the year before tax was £256.5million.
The chain has signed several new deals in a bid to mitigate losses losses in the past year, following job cuts and permanent store closures.
A year ago it launched the UK’s first coffee subscription service, with customers able to enjoy up to five hot drinks every day for £20 a month.
The move came alongside new retail partnerships with Tesco, Sainsbury’s, Amazon and other leading retailers to sell bake-at- home frozen croissants, granolas, ketchups and coffee.
Commenting on the expansion plans, Pret A Manger chief executive, Pano Christou, said: “Last year we were in the eye of the storm during the height of the pandemic.
“Now we have the chance to build a bright new future for Pret.
“What the pandemic has shown us is that even at the darkest moments, more people want to experience Pret – whether that’s customers outside of London and other big cities, new franchise partners who want to work with us here and overseas, investors in our business, or people who want to grow their careers here and be part of what we’re trying to build.”