Quote of the Day: Review was posted 4 years after Bridgepoint bought Pret:
“I am an ex GM [General Manager] … I walked out last year as I couldn’t take the way we had to treat TMs [Team Members] to achieve ever increasing demands for profit and efficiencies.”
One of the extremely rare GMs to have done this with the Team in mind. Respect!
Source, scrolling to the comment.
Also, another Ex-Manager’s review, responding to my comment further below the first Ex-GMs comment:
Source, 07. June 2018 comment
The “certain venture capitalist firm” this first Ex-GM is talking about is Bridgepoint, that set the immense target since the 2008 purchase of increasing shop openings by 15% a year, and were set to make a seven times return on their investment in 2018. The tweet links to the Financial Times piece, but signup is required to read the full article.
I joined Pret in 2008 just when Bridgepoint purchased Pret, so I have no “before” experience like this Ex-GM has. All I know from Pret is that it has always been harsh and unnecessarily stressful, but never did I expect to be bullied even during bereavement!
It is “deal hungry” JAB’s turn now to take the baton from Bridgepoint and squeeze even more life out of the staff as their investment went through the roof! Good luck Pret employees! I hope the £1000 carrot helps you crank up the PR(et) machine again!
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