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Panera Bread is an American chain of bakery-café fast casual restaurants with over 2,000 locations, all of which are in the United States and Canada. Its headquarters are in Sunset Hills, Missouri. The chain operates as Saint Louis Bread Company in the Greater St. Louis area, where it has over 100 locations. [6]
In April 2017, JAB reached an agreement to buy U.S.-based Panera Bread, a fast casual bakery-café chain, for $7.5 billion. [23] Also in April, JAB was reported to be stepping back from investment in luxury goods, with reported plans to sell its stakes in the designer shoe and clothing brands Jimmy Choo, Bally, and Belstaff. [12]
In 1999, in addition to the 20 St. Louis Bread Company stores, Shaich's Panera Bread had more than 150 cafes. [20] [23] By 2000, Panera Bread, under Shaich's leadership, had 227 stores open across 27 states and $202 million in sales. Its stock went from $6 per share in 1999 to $19 per share in 2000 about a year later. [23]
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. Lea ...
Au Bon Pain then purchased St. Louis Bread, a regional restaurant chain known for its fresh ingredients. Shaich pressed Au Bon Pain leaders to shift more attention toward St. Louis Bread, and the ...
In 1993, Shaich acquired St. Louis Bread Company, which at the time had 19 locations. Having already founded the bakery-cafe Au Bon Pain, Shaich moved quickly to make his new chain, renamed Panera ...
Blaine Hurst is an entrepreneur, businessman, and restaurateur. Currently, Hurst is President and Chief Executive Officer of Panera, LLC. [1] Hurst was named Chief Executive Officer of Panera effective January 1, 2018, following the chain's acquisition by JAB Holdings in July 2017 for roughly $7.5 billion, and served as its President since December 2016.
Panera Bread is on the rise. The company recently reported earnings for the fourth quarter. And judging by the market's reaction, investors were happy with the results. After the earnings ...