Pret
Coverage focuses on the operational strategy and brand evolution of one of the UK’s most recognisable food-to-go and coffee chains. Reporting includes the rollout of Pret’s coffee subscription model, growth through franchise and travel hub partnerships with platforms like Moto and SSP, international expansion into markets such as the US, France, and India, and developments in menu innovation, delivery, and digital pre-ordering. Insight is designed for operators tracking high-street trading, commuter-driven footfall, and tech-led customer retention in the grab-and-go space.
-
Jun- 2021 -21 JuneRestaurants
Itsu to open 100 new stores after securing investment deal
Itsu, an Asian-inspired restaurant chain, has announced plans to create 100 new venues across the UK as part of its partnership with private equity firm, Bridgepoint. Founder of Itsu, Julian Metcalfe, said the new partnership “secures tremendous growth” for the restaurant group – which is recovering from the impact of…
Read More » -
May- 2021 -11 MayCafes and Coffee Shops
Pret to trial stores inside Tesco supermarkets
Pret a Manger is reportedly set to trial opening stores located inside Tesco supermarkets in a bid to attract a new type of customer to its offering. According to The Times, the cafe chain will open its first in-store site at the Tesco Superstore in Kensington in June, with another…
Read More » -
Jan- 2021 -15 JanuaryCoronavirus
Over 800 chain restaurants closed indefinitely due to Covid
Over 800 chain restaurants, cafes and pubs have closed indefinitely due to Covid-19, according to research carried out by the Evening Standard. The pandemic has greatly affected the wider hospitality sector, with operators having to regularly close over long periods of time due to tougher lockdown restrictions and social distancing…
Read More » -
Nov- 2020 -9 NovemberCafes and Coffee Shops
Caffe Nero lenders prepare for CVA
Alcentra and Partners Group, which reportedly provides mezzanine debt to Caffe Nero, has called in financial advisers as the company prepares for a CVA that could potentially lead to permanent store closures and job losses. According to Sky News, Alcentra has requested FTI Consulting to join them in discussions regarding…
Read More » -
3 NovemberFood and Drink
Deliveroo pledges free meals to NHS workers
Deliveroo has relaunched its ‘Supporting the NHS’ campaign, with a new commitment to deliver “hundreds of thousands” free, hot meals to NHS frontline staff. Deliveroo said it “pledged” to donate hot meals to the NHS from Pizza Hut, Rosa’s Thai Cafe and other independent restaurants who will donate 500 meals…
Read More » -
Oct- 2020 -26 OctoberCafes and Coffee Shops
Caffe Nero eyes CVA proposal
Caffe Nero is reportedly considering the launch of a company voluntary arrangement (CVA), as the pandemic takes a toll on its earnings. According to Sky News, the coffee chain is considering a CVA to cut costs on rent bills and exit loss-making outlets. Reports suggest it has not yet been…
Read More » -
19 OctoberCafes and Coffee Shops
Pret A Manger to axe further 400 jobs
Pret A Manger has announced that it will close a further six branches and make up to 400 more redundancies as the pandemic continues to affect business. The food and coffee chain had previously cut 2,890 jobs and permanently closed 30 sites through a restructuring of the business, it announced…
Read More » -
Sep- 2020 -11 SeptemberCafes and Coffee Shops
Caffe Nero drafts in KPMG for landlord negotiations
Caffe Nero has drafted in KPMG in a bid to negotiate high street rent cuts with landlords, according to Sky News. It comes as the coffee chain, which operates 660 stores across the UK, is looking to “review its options” regarding its property portfolio amid the latest government restrictions concerning…
Read More » -
4 SeptemberCafes and Coffee Shops
Pret to launch ‘first ever’ in-shop coffee subscription service
Pret A Manger has announced it is to launch the “UK’s first ever” in-shop coffee subscription on Tuesday 8 September – the company’s first step to deliver its new multichannel strategy. The ‘YourPret Barista’ coffee subscription will cover all drink options prepared by Pret’s barista team and comes at a…
Read More » -
Aug- 2020 -28 AugustCafes and Coffee Shops
Pret a Manger to cut 2,800 jobs
Pret a Manger has confirmed it is to cut 2,800 high street jobs as part of a restructuring following almost two months of consultations with team members. The high street chain said that although sales and footfall have started to show “clear signs of recovery”, Pret sales over the last…
Read More »
