Panera announced on November 8, 2017, that founder Ron Shaich was stepping down as CEO, and company president Blaine Hurst would take over. JAB Holding Company acquired the company on July 11, 2017, for $7.5 billion. In January 2017, Panera announced its food menu was free of artificial colors, flavors, sweeteners, and preservatives. On March 23, 2016, Panera opened its 2,000th location, a cafe in Elyria, Ohio. In the fourth quarter of 2015, Panera acquired a majority stake in Tatte Bakery & Cafe, a bakery-cafe concept chain with locations in the Boston area, later opening in metro Washington D.C. Paradise Bakery & Café locations were rebranded in September 2015 as Panera Bread. Rebranding, acquisitions, and use of technology In 2017, digital orders accounted for over $1 billion in orders or 26% of sales. Customers can also place orders and pay via an app on their smartphone or tablet. It includes tablet kiosks with iPads, which the company calls Fast Lane, where customers may place an order and pay without approaching the counter. In May 2014, Panera unveiled "Panera 2.0", a series of integrated technologies including new capabilities for digital ordering, payment, operations, and ultimately, consumption. In October 2008, Panera Bread expanded into Canada, opening locations in Richmond Hill, Thornhill, Oakville, and Mississauga in the Greater Toronto Area. The company leased additional space for its headquarters in 2013. In November 2010, Panera Bread relocated its headquarters to Sunset Hills while vacating its Richmond Heights headquarters and Brentwood, Missouri offices. In February 2011, Panera agreed to pay $5.75 million to shareholders while admitting no wrongdoing, settling the lawsuit. Ī class action lawsuit was filed against the company in February 2008, alleging it failed to disclose material adverse facts about the company's financial well-being, business relationships, and prospects. The company purchased the balance of Paradise in June 2009. In 2007, Panera Bread purchased a 51% stake in Paradise Bakery & Café, a Phoenix metropolitan area-based concept with over 70 locations in 10 states, predominantly in the west and southwest, for $21.1 million. In 2000, Panera Bread moved its headquarters to Richmond Heights, Missouri. for $78 million, in order to focus on the Panera Bread chain. sold Au Bon Pain to the firm Bruckmann, Rosser, Sherrill & Co. Louis Bread Company renovated its 20 bakery-cafés in the St. It kept its original name for locations in Missouri. In 1997, Au Bon Pain changed the company name to Panera, from a word that has roots in the Latin word for " breadbasket" and is identical to the word for "breadbasket" in Spanish and Catalan. Louis Bread Company in 1993 for $23 million. Īu Bon Pain Co., a public company, purchased the St. The Rosenthals invested $150,000 and received a $150,000 Small Business Administration loan. Louis Bread Company in 1987 with the first location in Kirkwood, Missouri. Panera was once the largest provider of free Wi-Fi hotspots in the United States. Aside from the bakery section, Panera has a regular menu for dine-in or takeout including flatbreads, pizzas, warm grain bowls, panini, pasta, salads, sandwiches, side choices, and soups, as well as coffee, espresso drinks, frozen drinks, fruit smoothies, hot chocolate, iced drinks, lattes, lemonade, and tea. These, along with Panera's artisan breads, are typically baked before dawn by an on-staff baker. Panera offers a wide array of pastries and baked goods, such as bagels, brownies, cookies, croissants, muffins, and scones. Panera Bread is itself owned by JAB Holding Company, which is, in turn, owned by the Reimann family of Germany. Until 1999 and again from 2017 to 2021, the company also owned Au Bon Pain. As of 2020, the menu also includes flatbread pizzas. Offerings include bakery items, pasta, salads, sandwiches, soups, and specialty drinks. Louis area, where it has over 100 locations. The company operates as Saint Louis Bread Company in the Greater St. Its headquarters are in Sunset Hills, Missouri. Panera Bread is an American chain store of bakery-café fast casual restaurants with over 2,000 locations, all of which are in the United States and Canada.
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