British Pret enters self-service coffee machine market | Invest News

LONDON (Reuters) – UK coffee and sandwich chain Pret A Manger has partnered with JDE Peet’s to test self-service coffee machines, evolving its business model after sales have been hammered by the pandemic of COVID-19.

Pret has suffered as many of its some 400 UK stores are located on shopping streets, in transport hubs and near offices which have seen their occupancy rates decline during the crisis.

Pret, owned by investment group JAB and founder Sinclair Beecham, said on Friday its “Pret Express” machines would be introduced to convenience stores, gas stations, universities, healthcare facilities and workplaces .

The machines offer the same coffees and teas available in Pret stores.

JDE Peet’s, one of the world’s largest consumer coffee companies, will provide the self-service technology.

“This is new territory for Pret, which will allow more people across the country to enjoy Pret’s organic coffee and tea on the go, in places where there isn’t the right space to. set up a new Pret store, “said Guy Meakin, UK Commercial Director for Pret.

Last month, Pret said he plans to double in size over the next five years, despite announcing a loss of 256.5 million pounds ($ 354.2 million) for 2020.

Other changes to its operating model include the launch of a subscription service for beverages.

Pret also sells coffee ranges through Amazon, Waitrose, Sainsbury’s, Tesco and Ocado, has delivery partnerships with Deliveroo, Just Eat and Uber Eats, and is testing stores in Tesco stores.

(Reporting by James Davey; editing by Jason Neely)

Copyright 2021 Thomson Reuters.

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