Month: May 2019

Plant-based food boom tempts Pret to buy high street rival chain

Pret a Manger is reportedly planning to buy rival Eat and turn the chain’s 94 stores into vegetarian outlets. Pret, which has 400 stores in the UK, has four branded as “Veggie Pret” and is aiming to jump on the trend for vegetarian and vegan foods. It comes as plant-based foods are increasing in popularity,…

UK retail crisis leaves banks hesitant to fund shopping centres

Investment firm Franklin Templeton had to pull out of a £38m deal to buy an Edinburgh shopping centre after failing to raise bank debt, reflecting growing concern among lenders about the retail industry. Sources said Franklin Templeton had agreed to buy the Cameron Toll centre from Oaktree Capital, but three banks refused to lend. Retail…