Pret a Manger “will close 1 in 10 UK stores, putting 800 jobs at risk”

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Hundreds of jobs are threatened as Pret a Manger is preparing to close about one in ten of its British sandwich shops.The huge chain, which operates around 450 branches across the UK, says sales have been decimated by the foreclosure.

It is understood that the general manager, Pano Christou, will make a devastating announcement on Wednesday, but up to 800 people risk losing their jobs.

The major restructuring will see 45 stores closed, Mail reports Sunday.

During the foreclosure, there was a considerable reduction in attendance in the cities and town centers where many Pret a Manger stores are based. The company is no longer able to meet many of its rents.



Pret reopened 320 stores but faces an uncertain future

After appointing city councilors in May, the chain is said to be considering a range of restructuring options. These include a voluntary business agreement (CVA) insolvency process, which would allow Pret to close unprofitable sites.

Pret, which was founded in 1986, has raised 100 million euros (91 million pounds sterling) in emergency funding from its banks since the start of the pandemic and has cut executive salaries.

Christou, however, warned that his “medium and long term prospects” remain very unknown “.

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A Pret spokesperson said, “We will update our team members in early July once the plan is finalized.”

The lock hit the sector massively. For example, the Casual Dining Group, owner of Bella Italia, Las Iguanas and Café Rouge, has gone into administration, with dozens of restaurants across the UK at risk.

More than 1,900 jobs are expected to be lost, but 4,000 are currently secure.

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