Pret enters new JV with US franchisee
The agreement will see the introduction of new formats including drive-thrus.
Pret A Manger and US franchisee Dallas International have entered into a joint venture that will see new store formats, including drive-thrus, in Pret’s US operations.
Under this partnership, Dallas will have operational control of approximately 50 Pret shops located in New York, Pennsylvania, and Washington, D.C., and exclusive rights to open new shops in these areas. Dallas will work together with Pret to develop and introduce new restaurant formats, with drive-thrus included in the mix.
Dallas will also open more than 10 new Pret shops on the East Coast by 2026.
"We have huge ambitions for Pret to become a more globally recognised brand that is working in partnership with our franchisees to unlock significant growth in new markets. This approach has driven significant growth in Europe and Asia and enabled Pret to track ahead of its mid-term global growth target to double the size of the business by 2026. We look forward to replicating these results in the United States, building upon our already successful partnership with Dallas as we jointly pursue our next phase of growth,” Pano Christou, CEO of Pret A Manger said.
The joint venture builds on the existing relationship between Pret and Dallas, which includes separate franchise partnership agreements for Dallas to build and operate a range of Pret shops, including in the UK and more than 40 in southern California.
