Greggs Enters Motorway Services Market

RNS Number : 4206Q

Greggs PLC

19 October 2011

 



19 October 2011

Greggs plc
("Greggs")

Greggs Enters Motorway Services Market

Greggs has agreed a trial with Moto Hospitality Ltd ("Moto"), the leading UK motorway service provider, to open Greggs shops in motorway service locations.

The trial is being undertaken in two Moto services and will be operated under a franchise agreement.  The first of these will be in Lymm, Cheshire, planned to open in December.

This will enable Greggs and Moto to assess the market for Greggs freshly baked food within motorway services and also the viability of a franchise operation, which is new for Greggs.

The trial will run for 12 months and then a decision will be taken on whether to roll out to at least 30 locations across the Moto network.

Commenting on the trial, Ken McMeikan, Chief Executive of Greggs said:

"We are delighted to team up with Moto in the motorway services market.  They are an excellent operator and I hope this will be the beginning of a long and successful relationship.  Making Greggs even more accessible to consumers as they travel will, I hope, be welcomed by both existing and new customers of Greggs."

Tim Moss, Chief Executive of Moto said:

"We are delighted to be able to offer Greggs' famous quality and value brand to our customers.  The brand fits within our leading portfolio of franchise partners and offers even more choice for consumers."

ENQUIRIES:
Greggs plc	Hudson Sandler
Ken McMeikan, Chief Executive	Wendy Baker / Alex Brennan
Richard Hutton, Finance Director	Tel:  [phone]
Tel:  [phone]

Notes to Editors:

Greggs is the leading bakery retailer in the UK, with over 1,540 retail outlets throughout the country, serving freshly baked products to six million customers each week

Moto is the UK's leading motorway services operator, with 45 locations throughout the UK and 4,500 employees.

 

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