Expansion drive will mean new kit for Pret

Pret A Manger has revealed a UK expansion drive that will inevitably have benefits for equipment providers that gain contracts to supply the sandwich chain.

Pret intends to fit out 24 new British shops in 2012 as part of a wider growth plan which will involve a further 20 stores being opened abroad.

The move to expand its store network will create in the region of 550 jobs in the UK.

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Pret’s 2012 strategy is understood to be in line with its medium-term objective of 15% annual growth in store numbers.
The company revealed today that EBITDA increased 14% to £52.4m on sales up 15% to £377m last year.

Pret is majority owned by private equity firm Bridgepoint. The concept was launched in London in 1986 and has since grown to in excess of 265 stores, most of which are in the UK.

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