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Pret a Manger sandwich chain to create 550 jobs in UK | |
(40 minutes later) | |
The Pret a Manger sandwich chain is creating 550 jobs in the UK this year as the company continues a rapid expansion. | |
Pret plans to open 44 new stores in 2012, of which 20 will be overseas. | Pret plans to open 44 new stores in 2012, of which 20 will be overseas. |
Those expansion plans were released along with the company's annual results. Sales rose 15% last year to £377.3m. | Those expansion plans were released along with the company's annual results. Sales rose 15% last year to £377.3m. |
The company said that two stores which opened in Paris earlier this year were doing well and it plans two more. | |
Pret has 294 stores mostly in the UK with some outlets in the US, Hong Kong and France. | Pret has 294 stores mostly in the UK with some outlets in the US, Hong Kong and France. |
Pret has been controlled by the investment firm Bridgepoint since 2008 when the founders sold it a 50% stake. | Pret has been controlled by the investment firm Bridgepoint since 2008 when the founders sold it a 50% stake. |
Under that deal McDonald's also sold its 33% stake, which it had held since 2001. | Under that deal McDonald's also sold its 33% stake, which it had held since 2001. |