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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 ...
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]
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]
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.
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 ...
Gov. Gavin Newsom's office called a Bloomberg News story that alleged he exempted bakeries from the state's fast food wage law to benefit a political donor who owns Panera Bread locations "absurd ...
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 ]
The minimum wage for fast-food workers in California is set to increase to $20 per hour on April 1st, but one curious carve-out in the new minimum wage law has ignited controversy in the state.