Search results
Results From The WOW.Com Content Network
Panera announced on November 8, 2017, that founder Ron Shaich was stepping down as CEO, and company president Blaine Hurst would take over. Shaich remained chairman. [42] The company also announced the acquisition of Au Bon Pain. [43] [9] [44] [45] Panera divested Tatte Bakery & Café to Act III Holdings, LLC, owned by Shaich in January 2018. [46]
Ron Shaich, then CEO of Panera Bread, purchased over 50% ownership of Tatte in 2016. [12] After Shaich parted ways with Panera, he bought Panera's stake in Tatte and continues to be a lead investor. [13] [14] Despite Shaich's majority stake, Tatte continues to operate as an independent company. [15]
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 ]
But Shaich returned to Panera as chairman and CEO in 2013. From 2013 to the time of its sale to JAB Holdings in 2017 for $7.5 billion, Shaich was at the leading edge of digital ordering and fast ...
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.
According to California public records, Flynn, whose company, The Flynn Group, has 24 Panera locations in California, donated several times to Newsom’s 2022 re-election campaign and gave ...
As of 2024 the Group operated around 2,600 franchise locations around the world, primarily of Applebee’s, Arby's, Pizza Hut, Wendy's, Panera Bread, Taco Bell, and Planet Fitness. [8] They had approximately 72,000 employees. [7] The company engages in a complex menu strategy overseen by a team of economists and data scientists. [11]
Amazon unveiled the first phase of its new headquarters complex in Virginia Thursday, a pair of gleaming, amenity-packed office towers that its leaders hope will persuade employees accustomed to ...