The undercurrents of consumer migration from traditional avenues of fresh food distribution to new non-traditional avenues of fresh food distribution have been well documented by Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®
One company JAB Holding Co continued its food-industry buying spree this week this time targeting a leader in the grocerant niche chain restaurant Pret A Manger that excels with hand held food for immediate consumption and has outstanding growth prospects according to Johnson.
Jab Holding Co is the same company that bought Panera Bread to JAB in 2017 another company that excels with hand held food for immediate consumption, catering, and delivery. The food category similarities place Jab Holding Co within the top tier of the growing grocerant niche retailers.
Pret-A-Manger was, founded in London in 1986, it currently has 530 locations worldwide, including 381 in the United Kingdom. It has 92 restaurants scattered within the northeastern United States including Boston, Chicago, New York, Philadelphia and Washington. The company had fiscal 2017 sales of $1.17 billion and according to Johnson is positioned for growth.
JAB grocerant niche has become clear to all retail players as they also have controlling interest in global coffee manufacturer Jacobs Douwe Egberts; Peet’s Coffee & Tea; Caribou Coffee Co.; Einstein Noah Restaurant Group, Inc., and Espresso House, the largest branded coffee shop chain in Scandinavia.
The Grocerant niche is filled with Ready-2-Eat and Heat-N-Eat fresh prepared food for immediate consumption most of with is hand held and Jab Holding Co team has a record of innovation, consolidation, and marketing skill set to not only drive growth but incremental top line sales and bottom line profits.
Invite Foodservice Solutions® to complete a Grocerant Program Assessment, Grocerant ScoreCard, or for product positioning or placement assistance, or call our Grocerant Guru®. Since 1991 www.FoodserviceSolutions.us of Tacoma, WA has been the global leader in the Grocerant niche. Contact: Steve@FoodserviceSolutions.us or 253-759-7869