Pret to add six new stores via franchise partner

Joup Group has received a seven-figure funding package from HSBC UK to acquire three existing – and open six new – Pret A Manger franchise stores across Scotland. 

The Glasgow-based group, already owns six Domino's franchises across Dundee and Angus. 

They will use the HSBC-funding to open the Pret sites, with the biggest spanning more than 4,000 square foot. The sites are expected to open between June and September. 

Henry Dawes, chief executive of Joup Group, said: “We are really excited to continue to grow our business by becoming the Pret franchisee in Scotland.” 

Kevin McKenna, relationship director at HSBC, added: “We are pleased to have supported Joup Group’s ambitions for 14 years now. This funding package is particularly satisfying given the creation of more than 150 jobs, which will provide an economic boost to communities across Scotland.” 

Last month, Pret, the JAB Holdings-backed business, made a series of board changes as the business said it was doubling down on its long-held values, innovation and its next phase of international growth. 

Pret operates in 18 international markets, including the US, Canada, France, Belgium, Hong Kong, India and the Middle East, up from four markets in 2018. The company said the board changes will support Pret as it enters into further development partnerships with strong local franchise partners in a growing group of countries.

Read more about Pret's future growth in our latest issue - as we interview Pano Christou, Pret CEO. 

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