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Pret a Manager sandwich chain to create 550 jobs in UK Pret a Manger sandwich chain to create 550 jobs in UK
(40 minutes later)
The Pret a Manager sandwich chain is creating 550 jobs in the UK this year as the company continues a rapid expansion. 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 opened in Paris earlier this year under the name Bon Appetite are doing well. 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.