VANCOUVER, BC – A&W Revenue Royalties Income Fund (the “Fund“) (TSX: AW.UN) and A&W Food Services of Canada Inc. (“Food Services“) announce that Food Services has signed a Country Agreement (the “Agreement“) with UK-based freshly made food and organic coffee chain Pret A Manger (Europe) Limited (“Pret“), which sets forth the general terms and conditions granting Food Services master franchisor rights to Canada (the “Country Agreement“) for Pret A Manger.
Pursuant to the Agreement, Food Services is moving forward with a two-year pilot of the Pret brand in Canada (the “Trial Phase“) during which period, Food Services will introduce the Pret brand within A&W restaurants in select markets in Canada.
The first shop to trial the Pret brand will be in Vancouver and plans to open this summer.
“We are excited to introduce Pret’s fresh and delicious menu range in a select number of A&W restaurants this year. We believe Canadian consumers will respond very positively and come to love the Pret brand and all that it represents” commented Susan Senecal, Chief Executive Officer of Food Services and the Fund.
Pano Christou, Chief Executive Officer at Pret A Manger said: “Last year, we set out our ambitions to expand into new markets and bring Pret to more people worldwide. I’m excited to confirm that Pret will be coming to customers in Canada this summer through our franchisee agreement with A&W. We know Canadians have long been calling for Pret in their community. Thanks to this new partnership, we’re finally able to bring our freshly made food and 100% organic coffee to Canada as part of a two-year trial.”
The A&W restaurant locations that will participate in the Trial Phase are expected to launch a Pret menu range and organic coffees in the second quarter of 2022, with the first location opening within an A&W in Vancouver. If the Trial Phase is successful, Food Services will have the exclusive right to expand the Pret brand across Canada based on an agreed upon development schedule.MEDIA INFO FOR A&W
Gabrielle Poirier – email@example.com – (905) 269-1127ABOUT THE FUND
The Fund is a limited purpose trust established to invest in Trade Marks, which through its interest in A&W Trade Marks Limited Partnership (the Partnership), owns the A&W trade-marks used in the A&W quick service restaurant business in Canada. In return for licensing Food Services to use its trade-marks, Trade Marks (through the Partnership) receives royalties equal to 3% of the gross sales reported by A&W restaurants in the Royalty Pool. About A&W Food Services of Canada Inc.
A&W Food Services of Canada Inc. is a corporation amalgamated under the laws of Canada and is 100 per cent Canadian owned and is one of the strongest brand names in the Canadian foodservice industry. A&W is the nation’s second largest hamburger restaurant company with over 1,000 locations coast-to-coast. A&W Restaurants feature famous trade-marked menu items such as The Burger Family®, Chubby Chicken®, and A&W Root Beer®. For more information, please visit www.aw.ca. About Pret A Manger
Pret A Manger is a sandwich and coffee chain commonly referred to as Pret and based in the United Kingdom. The first shop opened in London in 1986. Pret’s sandwiches, salads and wraps are freshly made each day in shop kitchens using quality ingredients and all coffees are 100% organic. Pret currently has more than 550 shops and operates in the UK, US, Hong Kong, France, Dubai, Switzerland, Brussels, Singapore and Germany. For more information, please visit https://www.pret.co.uk/en-GB Forward-Looking Information
Certain statements in this news release may contain forward-looking information within the meaning of applicable securities laws in Canada (forward-looking information). The words “anticipates”, “believes”, “budgets”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “may”, “might”, “plans”, “projects”, “schedule”, “should”, “will”, “would” and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specific forward-looking statements include statements with respect to the expectation that: Food Services will be granted master franchisor rights to Canada, Pret products will be made available at various A&W restaurants across Canada starting in 2022, and Food Services will receive an exclusive license to use the Pret brand in Canada with further development rights.
The forward-looking information is based on assumptions that management considered reasonable at the time it was prepared. The forward-looking information is subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by the forward-looking information.
A&W Signs Country Agreement for Canada with Pret A Manger with First Shop Opening This Summer & More Latest News Update
A&W Signs Country Agreement for Canada with Pret A Manger with First Shop Opening This Summer & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
A&W Signs Country Agreement for Canada with Pret A Manger with First Shop Opening This Summer & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this news, you can get other types of news along with your country and city. You will be able to get information related to, as well as you will be able to get information about what is going on around you through us for free
so that you can make yourself a knowledgeable by getting complete information about your country and state and information about news. Whatever is being given through us, I have tried to bring it to you through other websites, which you may like
very much and if you like all this news, then definitely around you. Along with the people of India, keep sharing such news necessary to your loved ones, let all the news influence them and they can move forward two steps further.
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links