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Who is Panera owned by?
JAB Holding Co.
Panera got its start in 1993 when Ron Shaich acquired the 19-unit Saint Louis Bread Company, which would later become Panera Bread. In 2017, Panera was acquired by JAB Holding Co. for $7.5 billion and became a private company. Today, Panera has more than 2,100 bakery cafes.
Is Panera privately owned?
Panera Bread is privately held by JAB Holding Company. Panera Bread is part of Panera Brands, one of the world’s largest fast casual restaurant companies, comprised of Panera Bread®, Caribou Coffee® and Einstein Bros. ® Bagels. Learn more about Panera Brands.
Who did Panera buyout?
JAB
The chain was acquired by JAB in 2017 in a $7.5 billion deal. During the pandemic, Panera Bread pivoted to off-premises sales and grew digital orders to about 45% of sales. The loyalty program has about 44 million members and the brand pioneered a coffee subscription program and launched Flatbread Pizza.
Does Krispy Kreme own Panera?
JAB Holding owns brands including Keurig, Panera, Krispy Kreme, and Pret a Manger. The company has become a massive player in the coffee, snack, and sandwich industry over the last decade. Sign up for Business Insider’s retail newsletter, The Drive-Thru, to get more stories like this in your inbox.
Who owns Krispy Kreme donut?
JAB Holding Company
Pret Panera I G.P.
Krispy Kreme/Parent organizations
Is Panera Bread listed?
Panera Bread Company and JAB announced Tuesday the successful completion of the acquisition of Panera by an investment vehicle of JAB Consumer Fund and JAB Holding Company.
Can you invest in Panera Bread?
Panera Brands also announced it has secured an investment from Danny Meyer’s special purpose acquisition company, USHG Acquisition Corp. Shares of the SPAC climbed 8% in morning trading on the news. Meyer said he plans to invest in Panera Brands once it’s public personally and through his SPAC.
How much does a Panera Bread franchise make?
Forbes Business Magazine published an article stating that the average Panera bread makes $2.47 million annually. For a more accurate look at what a franchise owner takes home, you would have to obtain a franchise disclosure document (FDD) from Panera Bread.
Why is Panera called St Louis Bread Company?
It Once Shared Common Ownership with Au Bon Pain Louis area. These shops were so successful that in 1999 Shaich decided to do something drastic: he sold off Au Bon Pain and devoted all his resources to The St. Louis Bread Company, which he renamed Panera Bread.
Are Panera Bread stores franchises?
Panera Bread does not sell single-unit franchises, so it is not possible to open just one bakery-cafe. Rather, we have chosen to develop by selling market areas which require the franchise developer to open a number of units, typically 15 bakery-cafes in a period of 6 years.
What brands does jab own?
JAB Holding Company
| Type | Private (S.à r.l.) |
|---|---|
| Parent | Agnaten SE |
| Subsidiaries | Bally Shoe Coty, Inc. Peet’s Coffee Caribou Coffee Jacobs Douwe Egberts Einstein Bros. Bagels Espresso House Keurig Dr Pepper (67%) Krispy Kreme Panera Bread Bruegger’s Pret A Manger Compassion-First Pet Hospitals National Veterinary Associates |
Who purchased Panera Bread?
European group JAB Holding Co. purchased Panera Bread for $7.5 billion. From its origins in St. Louis all the way to Luxembourg: Panera Bread has been sold for $7.5 billion.
Who is the owner of Panera Bread?
JAB Is Now The New Owner Of The Panera Bread Brand. JAB, the parent company of Krispy Kreme and Kenco coffee has just expanded its food portfolio with the purchase of Panera Bread, a US bakery and sandwich chain. This is further evidence of JAB’s expansion push; last year it bought Krispy Kreme for $1.35 billion.
Who founded Panera Bread?
Panera Bread began in 1981 as Au Bon Pain Co., a fast-casual bakery and café chain, founded by Louis Kane and Ron Shaich. Throughout the 1980s and 1990s, the chain grew along the east cost of the United States and internationally. It dominated in the bakery-café category.
Is Panera Bread a franchise?
Panera Bread locations are owned and operated by franchisees, whose franchises include branding and recipe rights. Panera Bread sells franchise rights for specific geographic areas directly to franchisees.