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Act III, led by Shaich, who is also the founder of Panera Bread and Chair of Cava Group, will work closely with BJ’s leadership team to drive the company’s growth and strategic vision.
In September 2022, Panera announced that legacy St. Louis Bread Co. locations outside St. Louis City and St. Louis County would be rebranded as Panera when remodeled, with locations in the inner core of the metro retaining the Bread Co. name. [56] One location in St. Louis County is named Panera as it is a prototype of the "Next Gen" restaurant ...
Shaich led the sale of Panera to JAB Holdings for approximately $7.5 billion ($315 per share) in a deal approved by Panera's shareholders on July 11, 2017. The deal was the largest U.S. restaurant deal ever done up until that point in time at among the highest multiples – 18x EBITDA – on record. [ 41 ]
In his second stint as Panera CEO, he also launched a clean ingredients menu list — which has since become standard operating procedure for many fast-casual chains. Ron Shaich quote
It's been quite the week for cult fitness companies Equinox and SoulCycle after many customers cancelled their memberships and threatened to boycott both businesses indefinitely.
Amazon logo The Amazon Spheres, part of the Amazon headquarters campus in Seattle. Amazon.com, Inc. is an American technology company headquartered in Seattle, Washington. Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1]
Panera teased that more details about that menu changes will be unveiled in March. Panera is also aiming to lure in budget-conscious customers with some of the new menu items being priced under $10.
The Instacart logo is a simplified carrot. Logo since 2022. Maplebear Inc., [2] doing business as Instacart, is an American delivery company based in San Francisco that operates a grocery delivery and pick-up service in the United States and Canada accessible via a website and mobile app. [4]