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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 ...
BJ’s Restaurants, Inc. (NASDAQ:BJRI) has announced a new cooperation agreement with Act III Holdings and affiliates of Ronald M. Shaich, a prominent restaurant industry figure. Act III, led by ...
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]
Specifically, the suit accused of Panera promising to provide deliveries that were either free or priced at a low f Panera Is Paying $2 Million to Settle a Class Action Lawsuit—And You May Be ...
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 ]
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