Pret a Manger shareholders fund £100m expansion despite big losses

Tue, 21 Sep 2021 23:01:26 GMT 6

Pret a Manger shareholders fund £100m expansion despite big losses


More than 200 new outlets planned for UK and Ireland in suburbs, regions and travel hubs

Pret a Manger shareholders, including its co-founder, Sinclair Beecham, are pumping £100m into the company to fund expansion despite losses ballooning to £256m during the pandemic.

The coffee shop group is planning to open more than 200 UK and Irish stores over the next two years, expanding into the London suburbs, regional cities, retail parks and, through franchise deals, into travel locations such as railway stations and motorway services.

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Source link for full text: https://www.theguardian.com/business/2021/sep/22/pret-a-manger-shareholders-fund-100m-expansion-losses


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