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Pret a Manger in cash call on shareholders as finances under pressure
Trade in the coffee chain’s stores, however, is back up to 93% of pre-pandemic levels
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.
Read the original article at The Guardian