07:32 AM EDT, 05/27/2024 (MT Newswires) -- A&W Revenue Royalties Income Fund (AW-UN.TO) and A&W Food Services of Canada said on Monday that Food Services and Pret A Manger (Europe) have teamed up to expand the Pret brand across Canada.

As part of a development plan, Food Services will continue to offer Pret products at more physical locations across Canada over an initial 10-year development term. Sales of Pret products within A&W restaurants in the Royalty Pool will be subject to the 3% royalty paid by Food Services to the fund.

Food Services has exclusive master franchisor rights to Canada for the Pret brand and will offer Pret's products in Canada across a range of selected formats. The launch will begin with a national rollout of Pret coffee in A&W restaurants this fall.

There was an initial two-year trial period announced on June 2, 2022.