Fast food company A&W TSX:AW.UN) says it has reached a deal with Pret A Manger to bring the British sandwich and coffee chain to Canada.
During the two-year trial phase, A&W's food services operation plans to add Pret A Manger items to its restaurants in select markets across Canada.
If the pilot is successful, A&W would receive the exclusive franchise rights to expand the Pret A Manger brand across the country.
Details of the exclusive rights remain subject to negotiation and A&W’s board approval.
The A&W fund receives royalties equal to 3% of gross sales at 994 A&W restaurants in the royalty pool. The royalty would also apply to Pret A Manger products sold in restaurants.
Pret A Manger, which is based in London, England, offers sandwiches, salads and wraps, along with organic coffee. There are more than 450 outlets in the United Kingdom, U.S. and several other countries.
The A&W deal would be Pret A Manger’s first foray into Canada.
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