The first Pret A Manger opened in London in 1986, bringing freshly made Grab & Go sandwiches to the worker population. Over the years, it has extended both its product offer and portfolio. Understanding the wants and desires of different customers has been key to their successful expansion, taking it beyond the core London market.
Bridgepoint Capital bought a controlling stake in the business in 2008, and Pret A Manger has continued to thrive, now with c.300 shops worldwide.
Since 2008, Pragma has worked with Pret A Manger to support a breadth of different business objectives, to stay ahead in a highly competitive market context. Our remits have included delivering insight to inform the development of regional formats, entering new international territories, and alignment of the product offer to customer wants and needs.
Conduct regular customer insight programme across the UK estate to measure key performance indicators and understand profile, behaviour and preferences
Developed customer typologies allowing the business to target specific custom groups with a more tailored offer
Analysis of new markets, to provide insight into the local customer and help the business adapt its concept to the audience
Pragma’s practical experience and technical guidance has enabled us to feel very confident in understanding our customers’ drivers and preferences, particularly by region which is helping to shape our strategies.
Pret A Manger has been highly effective in tailoring their offer and design to meet their customer segments’ needs, and evolving to keep pace with market demands, while retaining the core strengths of the proposition. Sales in 2014/15 were up 16 per cent to £594m, up 9.7 per cent on a like-for-like basis, with pre-tax profits up 14 per cent to £76m.