The chain will make its debut there via an agreement with A&W Food Services of Canada. The latter business will be able to bring Pret food and coffee to customers in its restaurants during an initial two-year trial phase.
If the pilot is successful, A&W, which is behind hamburger restaurants and has more than 1,000 sites, will be granted the exclusive right to expand the Pret brand across Canada, depending on an agreed development plan.
Pret, which has close to 400 UK branches and is majority owned by investor JAB, last month said it is looking to expand into five new markets by the end of 2023. It has overseas stores in the US, Hong Kong, France, Dubai, Switzerland, Brussels, Singapore and Germany.
The company, which permanently closed around 30 stores during the pandemic, has been looking to create new revenue streams away from its core central London estate, with plans to open more branches in the suburbs and UK regions.
Earlier this year it said it expected to introduce shops within a handful of Tesco stores, as it tests out ways to adapt to customers working from home. The company also launched a supermarket range, with bake-at-home frozen croissants and granolas available in up to 700 Tesco stores and from the grocer’s website.
Pret’s boss Pano Christou said “Over the past year, we delivered more change than in thirty years of Pret history – and it’s all about bringing Pret to more people in new markets around the world.”
Bloomberg’s ‘pret index’, which monitors transaction volumes at the chain, said sales were flat in the City and Canary Wharf last week, at 84% of pre-Covid levels for a second straight week.