As part of Pret A Manger’s plans to double the size of the business over the next 5 years, the British sandwich and coffee chain have reached an initial, non-binding, agreement with Fox-Wizel Ltd. and Yarzin Sella. The agreement covers the introduction of the brand in Israel – the franchising and development plan will require 40 store openings across the next decade.
The new franchising company will consist of partners Fox-Wizel (contributing 75% of the investment) and Sella (providing the other 25%). Fox-Wizel Ltd. are a fashion retail chain and Yarzin Sella are a culinary restaurant group.
There is an expectation that a master franchise agreement will be signed in the first few months of 2023.
Read More:
UK-based franchise operator Queensway, which runs Starbucks and KFC outlets, has expanded its international presence…
Often called one of London’s coolest bakeries, Jolene first opened in Newington Green in North…
Multi-brand franchise operator Acca Group has reported a 10.9% rise in turnover to a record…
Cotti Coffee, China’s second-largest coffee chain, has continued its UK rollout with the opening of…
Gruppomimo, an Italian-inspired dining brand originally launched in France, is looking for franchise partners as…
Queensway, an established franchise partner of Starbucks, is preparing for a major expansion across the…