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AUGUST 3, 2007


Pret A Manger-
Global Sensibility, Organic Quality, Global Growth

Founded twenty years ago by Julian Metcalfe and Sinclair Beecham, Pret A Manger was the first to bring a global sensibility to food-on-the-go. Today, Pret is thriving in the U.K., Asian and U.S. markets-bringing its European-inspired, additive fee, preservative free, organic food to countless customers.

Global Growth
From "field to fork," Pret's organic food is driving phenomenal same-store sales growth: 23% in the US, 10% in Hong Kong 6% in the UK

Rapid US Expansion
Today, in the US market, Pret's plans to quadruple its New York footprint-going from 11 food shops to 55 or more. And to build upon Pret's tremendous US growth, future plans include expansion into the Boston and Washington, DC markets.

Financial Key Facts:
* 2006 worldwide revenue: $400,000,000

* 2006 US revenue: $18,000,000

* 2006 worldwide sales: up 13%

* Same store sales: up over 23% in the US, 10% in Hong Kong 6% in the UK

* Pret will generate expected EBITDA (excluding exceptional income) of $60 million in 2007

* In 2006, Pret opened 23 new shops, a 15% increase in the size of Pret's estate: 20 in the UK, 2 in Hong Kong and their first shop in Singapore

* Sales growth and increase in number of customers in the U.S:
2005 2006 2007
20% 25% 30%

* Some of the food shops in New York (including 135 W. 50th St., 11 W. 42nd St. and 530 7th Ave.) have increased the number of customers by over 100% over the last 3 years.

* The shop on 39th Street and 7th Ave is the busiest Pret in the world, the sales per square foot/per hour are: $3683 per sq ft / Up to $5000 ph

* The expansion plan calls for additional expansion in other cities like Washington and Boston.

Company Timeline
* 1986- Pret opened its first store London in 1986

* 2000- First New York store was opened on Broad Street by the New York Stock Exchange

* 2001- McDonalds acquires a third of Pret

* 2002- First Asian store opened in Hong Kong

* 2009- Expected openings in two new East coast cities (Washington DC and Boston)

* 2010- As a result of the success of current New York stores, 40 more are expected to open in New York

Food Key Facts:
* Over 250,000 customers a day enjoy the benefits of eating healthy gourmet food at reasonable costs (not to mention only having to wait in line for 90 seconds to get their food to go).

* America's #1 favorite Pret lunch is the Cobb Salad while Brits favor the Super Club

* Every Pret shop has its own kitchen where fresh food is delivered and prepared on a daily basis; you won't find any sandwiches that have traveled by truck.

* Pret offers customers all the details of the recipes so folks can enjoy it at home

* Organic, preservative free, additive free. The finest restaurant quality, without the wait

* Pret's juice vendor has been making the company's juice for 5 years. He started making OJ outside NY in Poughkeepsie for the first store on Broad. He now employs five locals and his range has increased to 4 juices and 2 smoothies.

* Ronnybrook makes Pret's yoghurt on their small farm in upstate NY. Their happy open grazing cows are all known to Rick the farmer by name.

* Pret's organic chicken is marinated and grilled locally, it is then hand sliced for every sandwich.

* Pret Chocolate Brownie has changed 34 times. Each change is small but detectable. That little extra often proves to be the greatest value.

* Pret's Fruit & Oat slice is stirred by hand with a four-foot long oar. Mechanical mixers would turn the mixture into a horrid pulp. Commercially this makes sense but ruins the flavor and texture, so we don't do it. Hand mixing adds a lot of work and cost but greatly improves the flavor.

Sustainability Key Facts:
* In 2005, Pret was the biggest donator of produce to City Harvest, proudly donating over 90,000 lbs of all natural, delicious food to hungry New Yorkers

* Packaging - The Pret 'bio-box' was one of the first in the world and the new-style, fully recyclable, biodegradable salad boxes have just been launched.

* Wherever possible Pret buys 'slow' food- seasonable local produce. Pret is proud of the food sold and have a thorough knowledge of the traceability of all our ingredients and products from 'field to fork'. Pret always consider organic, ethically traded, locally sourced and sustainable food, insisting on high standards of animal welfare.

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