Pret a Manger boss to retire as firm prepares for Eat merger July 1, 2019 Pret a Manger’s boss is to step down later this year, making way for the firm’s chief operating officer to lead the group as it prepares for a major tie-up with rival Eat. The sandwich chain’s boss Clive Schlee will retire in September after more than 15 years at the firm. Read more: Pret a [...]
Pret a Manger has swallowed up Eat – but how will it taste? May 29, 2019 High street lunchtime staple Pret a Manger recently announced it will be purchasing Eat, one of its main competitors. Pret also announced plans to convert many of Eat’s existing shops into Pret’s vegetarian spin off, Veggie Pret, in response to growing consumer demand for vegetarian and vegan options. Three per cent of the population currently [...]
Pret A Manger eats Eat but vows to go veggie in new stores May 22, 2019 Sandwich chain Pret A Manger said today it has agreed to buy rival British chain Eat. Pret plans to convert as many of Eat’s shops as possible to Pret stores serving vegetarian food in response to what it said was a growing consumer demand for more vegan and vegetarian options on the high street. Pret’s chief [...]
Pret in talks to gobble up rival Eat as part of health-conscious expansion plan May 16, 2019 Sandwich chain Pret A Manger is in discussions to snap up rival food group Eat in a bid to create a swathe of vegan and vegetarian-friendly food outlets. Read more: Pret A Manger reveals latest plans to help London's homeless Pret is nearing a deal to buy most of Eat’s 94 outlets or the entire [...]
Corbyn fails yet again to grasp the magic of competitive markets March 19, 2019 It is not the worst thing that Jeremy Corbyn has ever said. But it’s certainly one of the most revealing. A year ago, the Labour leader was explaining why he wanted to leave Europe’s Single Market while staying in the customs union – a stance memorably described by my fellow think tanker Kristian Niemietz as [...]
Eat’s owners Horizon Capital mull sale amid strain on high street food outlets February 13, 2019 The owners of sandwich chain Eat are planning to sell the business as it battles with growing competition in the crowded high street food market. Private equity firm Horizon Capital, which owns a major stake in the company, has appointed corporate advisory firm Spayne Lindsay to oversee a potential sale. Read more: EU competition watchdog [...]
Pret A Manger reveals latest plans to help London’s homeless by providing them accommodation and employment February 9, 2019 Pret A Manger has announced a new initiative to help homeless people by providing them accommodation and employment to help them get back on their feet. The company has had a charitable wing, The Pret Foundation, since 1995 and continues to help the homeless by giving away unsold food – up to three million items [...]
Pret A Manger and Krispy Creme owner Jab Holdings’ chairman Bart Becht announced retirement January 14, 2019 Bart Becht has resigned as chairman of Jab Holdings, which owns businesses including Keurig Dr Pepper and Pret A Manger. The company, which also owns the Douwe Egberts coffee brand and Krispy Kreme Doughnuts, will continue to be run by chief executive Olivier Goudet and senior partner Peter Harf, who will be joined by three new [...]
Trust me, we’ve been thinking about market power and competition all wrong November 13, 2018 Economists, politicians, and commentators on both sides of the Atlantic are growing more concerned with the supposed “monopolisation” of the economy. In a 2017 report, the Social Market Foundation found that eight of 10 key British markets, including in phones, gas and groceries, were highly dominated by small numbers of companies. Its director, James Kirkup, [...]
Pret A Manger agrees payout with US staff who claim they were short changed October 28, 2018 Pret A Manger will pay almost $1m (£779,000) to US workers who claim they were underpaid while working for the company. The sandwich chain has been accused of rounding down the hours that staff at its New York outlets were reimbursed for. It is the second time the UK-based firm has been hit by accusations [...]