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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 ]
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
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Panera is the more established of the two and is probably a safer bet for investors. Potbelly, on the other hand, is a riskier bet but with possibly more upside potential.
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.
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.
Owned by Chipotle; an attempt into the Asian fast casual restaurant industry ShowBiz Pizza Place: Pizza United States 90 Started in 1980 as a direct competitor to Chuck E. Cheese. In 1984, the company that owned ShowBiz Pizza Place bought the Chuck E. Cheese chain, and in 1992 all ShowBiz Pizza Place locations were rebranded as Chuck E. Cheese.