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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 ]
McDonald's Ray Kroc. Starbucks' Howard Schultz. Ron Shaich. The Mount Rushmore of visionary founders in the fast-food industry. People that have tapped into the world's fixation to get hot food ...
The Group was founded in 1999 by Greg Flynn. [1] Its first acquisitions were eight Applebee's franchises. Early financing was provided by Goldman Sachs.Applebees was initially wary of the Flynn Group controlling too many franchises and entered an agreement which limited the Group to 11% of franchises.
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.
ABC’s Good Morning America has a stacked cast that currently includes Robin Roberts, George Stephanopoulos, Michael Strahan, Lara Spencer and Ginger Zee. But the hosts of the most popular ...
The chain is now owned by Panera Brands. [ 1 ] [ 2 ] Boston Chicken, Inc. originally formed the Einstein and Noah Bagel Corporation as Progressive Bagel Concepts, Incorporated (PBCI) in March 1995, when it purchased four retail bagel chains, all located in regions of the United States that did not have longstanding bagel traditions.
Panera Bread (NAS: PNRA) carries $175.4 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.