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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 ...
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.
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.
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
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.
After years of expansion and taking Panera public, Shaich sold the business to JAB Holding Co. for $7.2 billion in 2017. ... “You should have a conversation with yourself about what you are ...
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 ]
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