Pret A Manger to expand into Ireland creating 500 jobs

April 11, 2022

Around 500 jobs are to be created across the island of Ireland by coffee and sandwich chain Pret A Manger.

The company is to open up to 20 shops within the next decade, as part of its entrance into the Irish market.

 
The outlets in the Republic and Northern Ireland will be rolled out by Carebrook Partnership Limited under a franchise arrangement.

The first shop is set to open on Dawson Street in Dublin this summer, creating 25 jobs.

“Setting up shop in the Republic of Ireland and Northern Ireland has been our plan for a long time, and we’re thrilled that we’re finally able to make it happen,” said Pano Christou, Chief Executive Officer at Pret A Manger.

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“There has long been demand from our neighbours on the island of Ireland to bring Pret’s freshly prepared food and organic coffee, and now with the backing of Carebrook Partnership Ltd we’re able to do so.”

“We look forward to making this partnership a success.”

Carebrook Partnership Ltd has worked with Pret for three decades and runs many of its stores in London where it is a common sight on city centre streets.

Carebrook is majority owned by UK and US food sector veteran, Gerard Loughran, who grew up in Nenagh, Co Tipperary.

Ray McNamara from Dublin, who has 25 years’ experience in the Irish food industry and owns Ann’s Bakery is also a minority shareholder.

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“We’ve been working with Pret for over three decades, ever since they arrived in London,” said Gerard Loughran, CEO, Carebrook Partnership Ltd.

“Having grown up in Tipperary, and with more than two decades of experience in the hospitality and food industry, I’ve always wanted to bring Pret to Ireland and Northern Ireland, so I’m delighted that this will soon become a reality alongside my co-owner Ray, who has great connections and links to the food sector in Dublin with 25 years’ experience.”

“We look forward to welcoming our new customers, soon.”

Last year Pret announced that it would aim to double the size of the business within five years, including launching into five new markets by the end of 2023.

Pret is owned by investment group JAB and founder Sinclair Beecham.

It currently has shops in the United Kingdom, United States, Hong Kong, France, Dubai, Switzerland, Brussels, Singapore and Germany.

By Will Goodbody

Source: RTE

Pret A Manger announces new UK franchise partners

December 1, 2021

Pret A Manger has announced that Dallas Holdings and K&Z Group will become the chain’s next franchisees in the UK.

A total of eight stores will be transferred to the new franchise partners in spring 2022.

 
Pret’s Guildford, Bournemouth, Basingstoke and Woking shops will be transferred to K&Z Holdings, and its four stores in Oxford will be transferred to Dallas Holdings.

K&Z Holdings is a family-run, multi-unit franchise business, and Dallas Holdings works to enhance customer experiences globally across multiple brands.

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Both companies have reportedly gone through a “rigorous interview process to ensure they’re the right cultural and digital fit for Pret A Manger”.

Meanwhile, the announcement is reportedly part of a plan to double the size of the business within the next five years.

The move follows the announcement of Pret’s expansion into Canada and Kuwait announced in November 2021. Earlier this year, Pret also expanded into roadside franchisee partnerships with independent forecourt operator, MFG, and motorway services operator, Moto.

Additionally, as the company expands, Pret A Manger will also roll out a recruitment programme, aiming to hire at least 3,000 team members and baristas by the end of 2023.

Pano Christou, CEO of Pret A Manger, said: “Demand for our freshly prepared food and organic coffee is growing, with some shops busier than they’ve ever been. To meet that demand, we’re establishing new partnerships with franchisees to bring Pret to more people.

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“Our agreements with Dallas Holdings and K&Z Group are a vital part of that ambition and will help kickstart our growth in different parts of the country. We’re really pleased that they’ll be joining us on this journey, helping to spread Pret joy to more customers.”

Shane Thakrar, CEO of Dallas, added: “Having partnered with some of the biggest brands for many years, partnering to rollout across the UK and elsewhere, we are very excited to join with Pret A Manger. We believe we have some great joint opportunities ahead for our customers and the wonderful teams at our stores.”

Shahaz Nanji, managing director of K&Z Holdings, said: “Our journey of success from a single store to a multi-store operator is based on our commitment to creating a powerful, family culture coupled with world-class operations. It’s these traits that we’re delighted to bring to our new partnership with Pret A Manger.”

By Jaskeet Briah

Source: Catering Today

UK prepared food chain Pret a Manger eyes Israel

November 22, 2019

Pret a Manger is in talks with Israel’s largest restaurant group Café Café, which seeks to open 70 branches in Israel.

The Café Café group, controlled by Ronen Nimni, is negotiating to bring UK prepared food chain Pret a Manger chain to Israel, sources inform “Globes.” The group believes that it is worthwhile opening 50-70 branches nationwide of 100 square meters each. As in Pret a Manger’s model elsewhere, each branch will have a rear kitchen and seating for eating on the premises.

 
Pret a Manger is a coffee and sandwiches chain with over 500 branches and annual sales turnover of £880 million. The chain, managed by Pano Christou, operates in the US, Europe, China, Hong Kong, Dubai, and Singapore. Like other international chains, Pret a Manger has self-service shelves for hot food and refrigerators. The customers themselves collect the products and go to the cashier only to pay.

Café Café, currently the largest restaurant chain in Israel, operates 15 brands. Its annual revenue turnover is NIS 200 million, and it mostly uses a franchise model with 300 sales points. Until now, the group has operated with two methods: chains that it initiated and founded by itself, and chains that it has acquired fully or in partnership. Prominent chains in the group include Café Café, Fresh, Ruben, Hasushia, Lehem Erez, Kaspi, Nagisa, Sahbak, and others.

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In recent months, Café Café considered the option of cooperating with Starbucks, Pret a Manger’s competitor, but the negotiations were unsuccessful, and it appears that Café Café has more faith in Pret a Manger’s format. In contrast to Starbucks, which sells mainly products for consumption on the road on a format of coffee with pastry or a sandwich, Pret a Manger offers real ready meals with an option of eating them hot sitting on the premises. Purchases at Pret a Manger are larger.

The Israeli restaurant sector has become crowded and cutthroat in recent years, with businesses that are not part of a chain or large group finding it difficult to survive. The challenges in the coffee and restaurant sector have made even more acute by regulatory changes, an increase in the minimum wage, the bottle deposit law, the waiter tips taxation law, and the crackdown on foreign workers.

Alongside these difficulties, however, the demand for restaurant businesses in shopping malls and commercial centers has risen dramatically in recent years as a result of the crisis in the fashion industry, which has seen chains collapse and tenants leave, resulting in a great deal of empty space. Shopping mall owners are therefore pursuing the large restaurant chains and offering them substantial partnerships in building branches. This has made costs of expansion lower than in the past, certainly for large players seeking to establish a chain in a short time.

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In recent years, many chains in the Israeli market have tried to develop concepts inspired by Pret a Manger, but none of them has really taken hold. “Globes” recently reported that Rami Levy was trying out a new format, inspired by the ready meals concept at Pret a Manger, in branches of the Super Cofix chain that he acquired.

Pret a Manger was acquired for £1.5 billion by the Reimann family from Germany through JAB Holding, its investment fund. Six months ago, Pret a Manger acquired Eat, a rival coffee chain in London.

Café Café said, “We are Israel’s largest restaurant group, with over 300 cafes and restaurants nationwide under 15 leading brands. The group assesses business proposals from time to time, and neither confirms nor denies reports about its business policy.”

By Shany Moses

Source: Globes