ADVERTISEMENT

Company News

A&W Food Services signs long-term development deal with Pret A Manger

RBI’s investment strategy is proving fruitful in this decelerating environment: analyst Restaurant Brands International a top performer on the TSX today following their Q1 2024 earnings results. Danilo Gargiulo, senior analyst in restaurants at Bernstein, is bullish on the stock and says he is particularly excited about investment in Tim Hortons beverage sector.

A&W Food Services of Canada Inc. has signed a long-term development agreement with sandwich chain Pret A Manger (Europe) Ltd.

The deal follows a two-year trial period.

A&W Food Services holds exclusive master franchisor rights to Canada for the Pret brand.

During the trial period, Pret products were offered in certain A&W restaurants and a stand-alone Pret location was opened in downtown Toronto earlier this year.

A&W says it will introduce Pret's products in a variety of formats, starting with a national roll out of Pret coffee in A&W restaurants this fall.

It says the development plan calls for an increase in the number of physical locations offering Pret products across Canada over an initial 10-year development term.

This report by The Canadian Press was first published May 27, 2024.