It’s like £6 for some of their sandwiches now, I can pay an extra £2 and get a fantastic banh mi, the ones near me in the City are much quieter than they’ve ever been at lunch
Just go into liquidation or administration already, they take up too many key store spots in the City, which could be better utilised by other shops. We do not need 10 different coffee shops within 2 minutes walk of each other at every corner.
Good.
Upped their prices by like 50%, now £6/7 for basic sandwich not much better quality than a Tesco meal deal. Then their ‘barista made’ coffee which is someone pushing a button lol why do people even still go to Pret?
Womp womp, people don’t want overpriced crap food, who knew
They increased prices and kept the quality the same.
What did they expect would happen…?
No real surprises. There are some people on here who are oddly defensive about Pret, but the truth is the value of its offer has been on the skids since Covid.
So good to see. These guys are just gonna keep hiking prices for no good reason otherwise
Pret in Danger
I work for Pret. Very toxic company, I hope they loose more.
Don’t like seeing places struggle but they’re crap
And if you’re crap and not cheap then you’re fucked.
There’s a solution to that, Pret.
LOWER YOUR PRICES.
It’s almost likely there’s a limit when it comes to taling the piss. Why would I spend £7/£8/£9 on a Pret Sandwhich and crisps when I can get a better lunch for slightly more?
Suprise suprise
Good. We’re getting rinsed every which way, companies acting like they’re owed your money simply because they want it. Cranking up prices as far as they think they can get away with.
The only thing is that the everyday employees there will be the ones suffering when they’re let go, paying for the greed and incompetence of their bosses.
I will never forgive Pret for what they did to Eat
The people at Pret thinking £4.50/5 for a coffee and croissant, and £7/8 meal deal haven’t really grasped the concept of value for money.
When I worked in London near Moorgate years back, I think there was 6 Prets within about 700 meters of each other.
I’m in New York (originally London) and an egg salad sandwich (sandwich, not a baguette) is $10. Recently I got a salmon baguette and a bag of crisps, and I think it was about $16. I have a very good income, but I just can’t even justify it based on principle.
I heard Pret asked Lewisham council to move on a local Expresso and pastry van that used to have a pitch near Lewisham station and got their way.
I still miss the giant pastries and have boycotted Pret ever since…
And because their Croissants are rubbish
It’s my go to for breakfast but lunch is disastrous and they have a brand problem now. ‘A sad Pret sandwich’ is what people say when they’ve been too busy to have a proper lunch break
I remember going to Pret at the airport for a ‘cheap’ lunch. I know airport = extortionate anyhow, but it was like £50 for 3 people – 3 sandwiches, crisps and drinks.
Since they shut Veggie Pret and massively cut back on their vegan options, I’ve found no reason to go.
Self inflected. They’re taking the piss.
The coffee isn’t good enough to warrant buying over free office coffee, and the food is freakin’ expensive for what you get.
Never understood the appeal even before the price rises. Cold boring sandwiches – so many better take away spots to support
They used to be really good but now the coffee is undrinkable amd the sandwiches are a pistake.. guess PE running the show now.. into the ground
Gail’s is 5 times more interesting and the same price. Not sure why you’d go to pret these days.
Never got the hype for pret. Crap coffee, meh sandwiches, always overpriced and their sites are usually understaffed and filthy tables everywhere
Garbage food.
Now do Five Guys.
Slightly disingenuous headline as it didn’t “lose” £525m via profit and loss. The parent company made a £553m impairment of goodwill.
Goodwill is made up of things like brand reputation, customer loyalty, prime shop locations and potential for future growth. It’s not a tangible thing like bricks and mortar or inventory, but an accounting method to value the intangible stuff that might be valuable for a business.
When JAC bought Pret for £1.5bn, they thought that £912m of the value was goodwill. This was the value they ascribed to those intangibles associated with Pret.
Now they’ve revised the goodwill estimate to £359m. Pret hasn’t burned through £553m of cash, just that the owners think that the brand and its potential for growth are significantly lower.
I used to enjoy the chicken caesar and bacon baguette but it’s about half the size it used to be and the price has gone up. They helpfully kept the packaging the same size so it was extra easy to notice when the product size shrank.
Who is it catering to besides the lazy or desperate?
Pret food has always been meh. I feel like they only had any success because they were a little bit better than a Tesco meal deal and they do hot drinks with a discount membership thingy
Being twice the price of a Tesco meal deal isn’t the one
They have always been unaffordable for me.
In other news. Tesco has increased the meal deal price by 25p!!!!1
I AM OUTRAGE!
Only reason I go into to pret is to be reminded you need a code for the toilet
Everyone saying for a little more they can get a better lunch… These are the people you should be listening to, Pret.
I like their stuff – the falafel salad bowl thing is delicious – but the price hike… Why would I pay close to £10 at Pret when I can walk a little further and pay £11.50 and get a better (warm!) meal at Farmer J, plus get in my steps? (Not to mention there’s also a selection of VERY good independent cafes around my office, but their dairy-free offering isn’t always reliably available 😅)
Pret was a good option for vegetarians / vegans for a very long time, but there are more and more places that have picked up on that demographic too and are, very honestly, going beyond what Pret is offering.
The one hill I’ll die on is that their iced chocolate is my personal favourite, but that’s about it.
I hear Pret is up for sale. No one is going to take on the rents and rates in its London locations. They literally have stores within a few hundred metres from each other in central and west London. In the city, it’s even worse.
Bring back the smoked salmon baguette
Price elasticity in practice. Love to see it. Fuck em.
I’m not surprised! I’ve noticed a rapid decline in quality since covid. Crap food at silly prices. People are fed up with that.
Hope they go bankrupt.
I worked in the city in the early 90s and does anyone remember Benjis?
What happened to them?
It used to be independent sandwich shops and I remember when Benjis started opening and all the sandwich guys standing outside watching as people went in
Big baguette with 2 sausages, 2 bacon and 2 fried eggs – lovely!
44 comments
It’s like £6 for some of their sandwiches now, I can pay an extra £2 and get a fantastic banh mi, the ones near me in the City are much quieter than they’ve ever been at lunch
Just go into liquidation or administration already, they take up too many key store spots in the City, which could be better utilised by other shops. We do not need 10 different coffee shops within 2 minutes walk of each other at every corner.
Good.
Upped their prices by like 50%, now £6/7 for basic sandwich not much better quality than a Tesco meal deal. Then their ‘barista made’ coffee which is someone pushing a button lol why do people even still go to Pret?
Womp womp, people don’t want overpriced crap food, who knew
They increased prices and kept the quality the same.
What did they expect would happen…?
No real surprises. There are some people on here who are oddly defensive about Pret, but the truth is the value of its offer has been on the skids since Covid.
So good to see. These guys are just gonna keep hiking prices for no good reason otherwise
Pret in Danger
I work for Pret. Very toxic company, I hope they loose more.
Don’t like seeing places struggle but they’re crap
And if you’re crap and not cheap then you’re fucked.
There’s a solution to that, Pret.
LOWER YOUR PRICES.
It’s almost likely there’s a limit when it comes to taling the piss. Why would I spend £7/£8/£9 on a Pret Sandwhich and crisps when I can get a better lunch for slightly more?
Suprise suprise
Good. We’re getting rinsed every which way, companies acting like they’re owed your money simply because they want it. Cranking up prices as far as they think they can get away with.
The only thing is that the everyday employees there will be the ones suffering when they’re let go, paying for the greed and incompetence of their bosses.
I will never forgive Pret for what they did to Eat
The people at Pret thinking £4.50/5 for a coffee and croissant, and £7/8 meal deal haven’t really grasped the concept of value for money.
When I worked in London near Moorgate years back, I think there was 6 Prets within about 700 meters of each other.
I’m in New York (originally London) and an egg salad sandwich (sandwich, not a baguette) is $10. Recently I got a salmon baguette and a bag of crisps, and I think it was about $16. I have a very good income, but I just can’t even justify it based on principle.
I heard Pret asked Lewisham council to move on a local Expresso and pastry van that used to have a pitch near Lewisham station and got their way.
I still miss the giant pastries and have boycotted Pret ever since…
And because their Croissants are rubbish
It’s my go to for breakfast but lunch is disastrous and they have a brand problem now. ‘A sad Pret sandwich’ is what people say when they’ve been too busy to have a proper lunch break
I remember going to Pret at the airport for a ‘cheap’ lunch. I know airport = extortionate anyhow, but it was like £50 for 3 people – 3 sandwiches, crisps and drinks.
Since they shut Veggie Pret and massively cut back on their vegan options, I’ve found no reason to go.
Self inflected. They’re taking the piss.
The coffee isn’t good enough to warrant buying over free office coffee, and the food is freakin’ expensive for what you get.
Never understood the appeal even before the price rises. Cold boring sandwiches – so many better take away spots to support
They used to be really good but now the coffee is undrinkable amd the sandwiches are a pistake.. guess PE running the show now.. into the ground
Gail’s is 5 times more interesting and the same price. Not sure why you’d go to pret these days.
Never got the hype for pret. Crap coffee, meh sandwiches, always overpriced and their sites are usually understaffed and filthy tables everywhere
Garbage food.
Now do Five Guys.
Slightly disingenuous headline as it didn’t “lose” £525m via profit and loss. The parent company made a £553m impairment of goodwill.
Goodwill is made up of things like brand reputation, customer loyalty, prime shop locations and potential for future growth. It’s not a tangible thing like bricks and mortar or inventory, but an accounting method to value the intangible stuff that might be valuable for a business.
When JAC bought Pret for £1.5bn, they thought that £912m of the value was goodwill. This was the value they ascribed to those intangibles associated with Pret.
Now they’ve revised the goodwill estimate to £359m. Pret hasn’t burned through £553m of cash, just that the owners think that the brand and its potential for growth are significantly lower.
I used to enjoy the chicken caesar and bacon baguette but it’s about half the size it used to be and the price has gone up. They helpfully kept the packaging the same size so it was extra easy to notice when the product size shrank.
Who is it catering to besides the lazy or desperate?
Pret food has always been meh. I feel like they only had any success because they were a little bit better than a Tesco meal deal and they do hot drinks with a discount membership thingy
Being twice the price of a Tesco meal deal isn’t the one
They have always been unaffordable for me.
In other news. Tesco has increased the meal deal price by 25p!!!!1
I AM OUTRAGE!
Only reason I go into to pret is to be reminded you need a code for the toilet
Everyone saying for a little more they can get a better lunch… These are the people you should be listening to, Pret.
I like their stuff – the falafel salad bowl thing is delicious – but the price hike… Why would I pay close to £10 at Pret when I can walk a little further and pay £11.50 and get a better (warm!) meal at Farmer J, plus get in my steps? (Not to mention there’s also a selection of VERY good independent cafes around my office, but their dairy-free offering isn’t always reliably available 😅)
Pret was a good option for vegetarians / vegans for a very long time, but there are more and more places that have picked up on that demographic too and are, very honestly, going beyond what Pret is offering.
The one hill I’ll die on is that their iced chocolate is my personal favourite, but that’s about it.
I hear Pret is up for sale. No one is going to take on the rents and rates in its London locations. They literally have stores within a few hundred metres from each other in central and west London. In the city, it’s even worse.
Bring back the smoked salmon baguette
Price elasticity in practice. Love to see it. Fuck em.
I’m not surprised! I’ve noticed a rapid decline in quality since covid. Crap food at silly prices. People are fed up with that.
Hope they go bankrupt.
I worked in the city in the early 90s and does anyone remember Benjis?
What happened to them?
It used to be independent sandwich shops and I remember when Benjis started opening and all the sandwich guys standing outside watching as people went in
Big baguette with 2 sausages, 2 bacon and 2 fried eggs – lovely!
Huge cups of tea/coffee
Good times
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