Pret A Manger Business Analysis

2931 Words12 Pages
Introduction Pret a Manger is a fast food chain based in the UK. The first shop called Pret a Manger was opened in Hampstead, London, United Kingdom, in 1984 by Jeffrey Hyman. Company liquidator David Rubin sold it to college friends Sinclair Beecham and Julian Metcalfe. Beecham and Metcalfe had little business experience. Their company claims they "created the sort of food they craved but could not find anywhere else." They opened their first branch near Victoria Station, London. In 2001, McDonald's bought a 33% non-controlling stake in the USA branch of the company, which they sold in 2008 to private equity firm Bridge point Capital, owners of clothing retailer Fat Face. In 2011 its sales were 377 million pounds & 510 million pounds in 2013. As of 2012, efforts were underway in London to unionize shop employees. 67% of its trade is in London, where around three-quarters of its stores are located. As of February 2014, there were 289 UK shops, 187 in London, nine in Scotland and one in Wales. There are 92 outlets throughout the rest of the UK. Pret has expanded to New York (38 stores), Hong Kong (14 stores), Washington, D.C. (7 stores), Boston (4 stores) and Chicago (9 stores). Unlike many other fast food outlets, Pret a Manger does not franchise. In this report we will consider the feasibility for Pret a Manger to expand into the Indian market. This will involve a cultural analysis…show more content…
Therefore, cross cultural training will be highly recommended to undertake for Pret employees in India, in order to avoid conflict and challenges. Brett et al discovered ways in which to overcome cross cultural challenges and suggested four methods, including: Adaption, Structural intervention, Managerial intervention and Exit. In order to achieve adaption method, management needs to make sure that staff accepts cross-cultural
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