Fox in talks to bring Pret a Manger to Israel
Israeli retail chain Fox-Wizel Group (TASE:FOX) managing shareholder Harel Wizel is in talks to bring British isles freshly well prepared foods franchise Pret a Manger to Israel. Fox has notified the Tel Aviv Inventory Exchange (TASE) on the matter and mentioned that the negotiations have not been beforehand described at the ask for of Pret a Manger’s house owners. In 2019, Israel’s Café Café group held talks to convey Pret a Manger to Israel but the negotiations did not do well.




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Pret a Manger is a espresso, sandwiches and treats chain with over 500 branches throughout the world. The chain, managed by Pano Christou, operates in the US, Europe, China, Hong Kong, Dubai, and Singapore. Like other global chains, Pret a Manger has self-support cabinets for sizzling foodstuff and fridges. The consumers by themselves acquire the solutions and go to the cashier only to pay.

The two-12 months Covid pandemic has been a challenging time for the chain, though Pret a Manger has staged a recovery with profits in the to start with six months of 2022 up 230% from the corresponding interval in 2021. In 2021 the corporation shed €225 million, narrowing from €343 million in 2020, BBC Information stories.

Pret a Manger has opened 27 new retailers all over Britain and strategies to double its size in the following 5 decades, which include opening in 5 new marketplaces in 2023 – India, Canada, Eire, Spain and Portugal.

Revealed by Globes, Israel business news – en.globes.co.il – on July 12, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


