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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Pret a Manger in cash call on shareholders as finances under pressure

Pret United Kingdom
Pret A Manger outlet in London
Pret’s fate may hinge on whether draconian trading restrictions return, and whether commuters return to their pre-Covid habits. Photograph: Belinda Jiao/Sopa Images/Rex/Shutterstock

Pret a Manger’s owners have warned of doubts over its ability to continue as a going concern as the coffee shop chain faces uncertainty over future Covid restrictions and a shift to hybrid working.

Accounts for Pret’s UK holding company filed this week show that last month it doubled its “standby facility” reserved to support the business in case of difficulty to £200m, up from the £100m set aside in March last year.

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