• Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Wednesday, February 1, 2023
Flyy News
No Result
View All Result
  • Home
  • World
  • Business
  • Entertainment
  • Health
  • Food
  • Politics
  • Tech
  • Science
  • Travel
  • Fashion
  • Lifestyle
  • Home
  • World
  • Business
  • Entertainment
  • Health
  • Food
  • Politics
  • Tech
  • Science
  • Travel
  • Fashion
  • Lifestyle
No Result
View All Result
Flyy News
No Result
View All Result
Home Business

Fox signs deal to bring Pret a Manger to Israel

flyynews by flyynews
December 22, 2022
in Business
0
Fox signs deal to bring Pret a Manger to Israel
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Israeli retail chain Fox-Wizel Group (TASE:FOX) and Yarzin Sella Restaurants yesterday signed a non-binding agreement in principle with UK organic coffee and freshly prepared food franchise Pret a Manger to set up and operate a chain in Israel. Fox notified the Tel Aviv Stock Exchange (TASE) this morning about the agreement. Fox expects to sign a binding agreement on the matter in the first quarter of 2023.

READ ALSO

Hipgnosis is in buying mode again, as company snaps up song catalog of British hitmakers TMS

Live news: Chinese manufacturing slows as Covid rips through workforce

Last July, Fox reported that it was in talks to open Pret a Manger outlets in Israel but that the negotiations had been held up due to the demands of Pret a Manger.

In the agreement on principles, it has been agreed that a jointly owned company will be founded to hold the concession for Pret a Manger in Israel with Fox holding a 75% stake and Yarzin Sella 25%.

The development and establishment franchise for the Pret a Manager branches will be granted to the new company for 10 years, with an option for a further10 years, subject to meeting milestones, including the opening of at least 40 branches in the first decade. It was also agreed that in exchange for the franchise, the new company will pay Pret A Manger a monthly rate of the total net sales.

This is Fox’s first foray into food retail and the company stresses that this is an important development in diversifying the company’s brand portfolio and areas of activities.

Fox controlling shareholder and CEO Harel Wizel said, “The signing of the agreement of principles for the establishment of the Pret A Manger chain in Israel together with the Yarzin-Sella Group is a big step towards increasing the value, variety and competition in the Israeli market. Israeli consumers will benefit from the opening of the international chain here in Israel nationwide with a range of products that they like and look for every time they visit Europe or the US.”

Pret a Manger CEO Pano Christou said, “”We are delighted to have reached an initial agreement that will allow us to bring the fresh food and organic coffee of the Pret A Manger chain to customers in Israel. Over the past year, we have expanded our international activities and our growth plans, in collaboration with our franchisees, Entering new markets. We look forward to seeing how customers in Israel will respond to the wonderful flavors and innovation of Pret a Manger and hope that we will be welcomed.”

Yarzin-Sella Group CEO Yuval Sella added, “We at Yarzin-Sella are thrilled at the opportunity to bring to Israel this good news and innovation in the café and Go & Grab sector of the highest level, and are particularly excited with the partnership with Fox and the added value that the two groups together will bring to the Israeli market.




RELATED ARTICLES




Harel Wizel credit: Dima Taliansky

Hapoalim mulls Pret a Manger, Shake Shack investment with Fox



Fox in talks to bring Pret a Manger to Israel







Pret a Manger is a coffee and fresh food chain with over 600 branches in more vthan 10 countries in North America, Europe and Asia. Pret a Manager was founded in London in 1986, where it is headquartered. The company has over 13,000 employees worldwide.

Yarzin-Sella Group is owned by Yoram and Ari Yarzin and Yuval Sella and has been operating in Israel’s restaurant sector for over 30 years.

Published by Globes, Israel business news – en.globes.co.il – on December 22, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.




Source_link

Related Posts

Hipgnosis is in buying mode again, as company snaps up song catalog of British hitmakers TMS
Business

Hipgnosis is in buying mode again, as company snaps up song catalog of British hitmakers TMS

February 1, 2023
Live news: Chinese manufacturing slows as Covid rips through workforce
Business

Live news: Chinese manufacturing slows as Covid rips through workforce

February 1, 2023
OpenAI launches tool to detect text written by AI after ChatGPT buzz
Business

OpenAI launches tool to detect text written by AI after ChatGPT buzz

January 31, 2023
Eskom latest: power cuts intensify, state of disaster planned
Business

Eskom latest: power cuts intensify, state of disaster planned

January 31, 2023
Russia scraps gasoline pipeline reopening, stoking Eu gas fears
Business

Japan Inc strives to lure skilled workers as inflation, labor crunch bite

January 31, 2023
Points of light for Intel Israel
Business

Points of light for Intel Israel

January 30, 2023
Next Post
Sweet Bennie Ray – Whole Lot (Official Music Video)

Sweet Bennie Ray - Whole Lot (Official Music Video)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Angel -Dave Curl – Official Music Video 2022

Angel -Dave Curl – Official Music Video 2022

November 17, 2022
Proud By Cytonic Rhymes – Official Music 2022

Proud By Cytonic Rhymes – Official Music 2022

November 25, 2022
Sweet Bennie Ray – Whole Lot (Official Music Video)

Sweet Bennie Ray – Whole Lot (Official Music Video)

December 22, 2022
SUPER VITAMIN C COLLECTION | STRIVECTIN

SUPER VITAMIN C COLLECTION | STRIVECTIN

December 16, 2022
Rain And Lily Pond Sounds | 10 Hours | Sleep, Relaxation | Dark Screen

Rain And Lily Pond Sounds | 10 Hours | Sleep, Relaxation | Dark Screen

November 14, 2022

About Us

Welcome to Flyy News The goal of Flyy News is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Follow us

Categories

  • Business
  • Entertainment
  • Fashion
  • Food
  • Gaming
  • Health
  • Lifestyle
  • Politics
  • Reviews
  • Science
  • Tech
  • Travel
  • World

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

  • Corsair PSUs with side-mounted power connectors are now available
  • Polish leader donates to Ukraine army to end defamation case
  • Chris Wallace Has Worst Ratings Month Since Launch Of CNN Show
  • Gut Bacteria’s Role in Anxiety and Depression: It’s Not Just In Your Head

Copyright © 2022 Flyynews.com | All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Business
  • Entertainment
  • Health
  • Food
  • Politics
  • Tech
  • Science
  • Travel
  • Fashion
  • Lifestyle

Copyright © 2022 Flyynews.com | All Rights Reserved.

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT