Fewer workers returning to the office and a shift to hybrid working have caused the owners of Pret A Manger to warn it could go bust.
Oh well, shame.
The coffee shop chain said there were 'uncertainties' that may cast 'significant doubt' over its ability to continue trading in accounts filed earlier this month.
Among these was the 'unpredictability of consumer behaviour' as well as the possibility of new pandemic restrictions and the ability to keep paying its debts.
They've realised that the government can shut their business whenever it wants. Perhaps they shouldn't have slavishly allowed them to think that, then?
Pret, which has nearly 470 branches, relies heavily on office workers and commuters.
As I've said before, if the customers' habits change, then the business must too. Or die.
It's always baffled me why people bring Starbucks coffee to work when there is free coffee in the kitchen. Just put the kettle on when you get in
ReplyDeleteCheaper too! But I do like Costa...and Starbucks iced coffee in summer.
DeleteAs Oscar Wilde, I think, once said, your have to have a heart of stone not to laugh.
ReplyDeleteIndeed!
DeleteOverpriced tat
ReplyDeleteJaded
After two years, you'd imagine the bosses at Pret would have prepared for the blindingly-obvious downturn. Perhaps they were 'not in the office' as well as most of their previous customers?
ReplyDelete"Twats at Prets"
LOL!
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