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Ronald M. Shaich (born December 30, 1953) is an American businessman, entrepreneur, investor, and best-selling author who co-founded Au Bon Pain Inc., and later, founded Panera Bread, both of which he served as CEO and chairman. [1]
Panera delivery vehicle Panera Bread in Canada. 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, with over 100 ...
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.
Shaich pressed Au Bon Pain leaders to shift more attention toward St. Louis Bread, and the pressure led to a board fight, which Shaich won. Au Bon Pain was then sold to a private equity firm in 1999.
On November 8, 2017, Panera Bread announced the acquisition of Au Bon Pain, which had split off from Panera in 1999 after being created in 1981. [13] [30] [31] [32] Following the deal, Ron Shaich stepped down as the chief executive, to be succeeded by Blaine Hurst, Panera's president. [33]
After all, Shaich — nicknamed "The Godfather of Fast Casual" — has a pretty stacked résumé as the cofounder and former CEO of Panera Bread, cofounder of Au Bon Pain, and a lead investor of Cava.
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 ...
Ron Shaich, who then became 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]