A&W Revenue Royalties Income Fund
licensee
A&W Food Services of Canada Inc.
and
Pret A Manger (Europe) Ltd.
have agreed on a development plan to expand the Pret brand across
Canada
following the completion of a successful two-year trial period first announced on
June 2, 2022
. Food Services has exclusive master franchisor rights to
Canada
for the Pret brand and will introduce Pret's products to Canadian consumers in a variety of carefully selected formats, beginning with a national roll out of Pret coffee in A&W restaurants this fall.
The Pret brand was first offered in a trial pop-up format in certain A&W restaurants in 2022, and expanded to a first stand-alone Pret location in downtown
Toronto
in 2024. The development plan calls for Food Services continuing to increase the number of physical locations offering Pret products across
Canada
over an initial 10-year development term. Sales of Pret products within A&W restaurants in the royalty pool will be subject to the 3-per-cent royalty paid by Food Services to the fund.
About
A&W Revenue Royalties Income Fund
The fund is a limited-purpose trust established to invest in
A&W Trade Marks Inc.
, which, through its interest in
A&W Trade Marks LP
, owns the A&W trademarks used in the A&W quick-service restaurant business in
Canada
. In return for licensing Food Services to use its trademarks, A&W Trade Marks (through the partnership) receives royalties equal to 3 per cent of the gross sales reported by A&W restaurants in the royalty pool.
About
Pret A Manger
Pret A Manger
is a beloved sandwich and organic-coffee chain commonly referred to as Pret and based in the
United Kingdom
. The first shop opened in
London
in 1986, where the company is headquartered today. Pret's sandwiches, salads and wraps are freshly handmade each day in shop kitchens using quality ingredients, and all coffees, teas and hot chocolates are organic. Pret operates more than 650 shops worldwide with more than 9,500 team members in 18 markets (
United Kingdom
,
Ireland
,
United States
,
Hong Kong
,
France
,
United Arab Emirates
,
Kuwait
,
India
, Luxembourg,
Switzerland
,
Belgium
,
Singapore
,
Germany
,
Canada
,
Italy
,
Spain
,
Qatar
and
Greece
).
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