Panera bread is owned by investment firm JAB Holdings, which had taken over the 2000+ outlets of the restaurant in 2017. Just enter your password to connect your MyPanera account with Facebook. 0000000 0000 00000. The BBC is not responsible for the content of external sites. For the second time this year Hamra Enterprises, a nationwide, family-owned, restaurant operator headquartered in Springfield, Mo . Owner of Panera, Snapple and Krispy Kreme Faces Its Nazi Past, https://www.nytimes.com/2019/06/14/business/joh-a-benckiser-jab-reimann-family.html. We are excited to be adding 24 locations that were developed by another great Panera Bread owner who has been a Panera Bread franchisee for 24 years, and I am excited to have the employees of CSC join our team and looking forward to supporting them in their business to serve guests and the communities they do business in, he added. [2][4][5], As of 2015, JABs portfolio included a minority stake in the consumer products company Reckitt Benckiser,[6] and majority stakes in Coty, Peets Coffee & Tea, Caribou Coffee Company, Jacobs Douwe Egberts (JDE), Einstein Noah Restaurant Group, and Jimmy Choo. Top editors give you the stories you want delivered right to your inbox each weekday. Community Giving. In May 2020 its JDE Peet's (JDEP.AS) coffee chain went public at 2.25 billion euros. Subsequently, on November 8, 2017, Panera announced that founder Ron Shaich will step down as CEO and that company president Blaine Hurst would take over. [31], The primary shareholder of JAB, as listed in its 2016 Consolidated Financial Statements, is Austrian-domiciled company Agnaten SE. Press Room. An on-staff baker often bakes them, as well as Paneras artisan bread, before sunrise. Among the partners of patriarch Ludwig Reimann was Johann Benckiser, of Reckitt Benckiser fame, the home products and foodservice supply company that JAB still owns. Panera now has more than 2,000 restaurants across the US. Krispy Kreme owner pays $7.5bn for Panera Bread chain Become a member and start earning cafe rewards today. Duck Takes a Trip to Panera Bread and the Workers' Reactions Are According to the shareholders, the partnership with JAB will allow Panera to continue making the long-term decisions that lead to the industry-leading transformational work that they have always excelled at and an ever-brighter future for all of its stakeholders. JAB Holding Company currently owns Panera Bread, which it purchased on July 11, 2017, for $7.5 billion. Registered in England. "We can collectively leverage the runway of growth.". Benckiser eventually merged with Reckitt & Colman of Britain to become Reckitt Benckiser, whose holdings include Durex condoms, Lysol cleaner and Clearasil. Panera-owner JAB, the holding company with chains such as Krispy Kreme and Caribou Coffee in its portfolio, completed an $800 million . How Panera Bread CEO Niren Chaudhary establishes brand leadership Panera was bought by JAB Holding Co. on July 18, 2017, capping up its 26-year existence as a public business on a positive note. On Wednesday, Pret a Manger announced it had reached an agreement to acquire British sandwich chain EAT. For my veggie friends: Try the mozzarella and tomato panini with a Greek salad. The company operates as Saint Louis Bread Company in the Greater St. Louis area, where it has over 100 locations. Local Panera Bread Units Have New Owner - Chattanoogan.com Its headquarters are in Sunset Hills, Missouri . By Heather Lalley on Nov. 09, 2021. Take a look at what her duck rated the water from Panera Bread. Panera Brands, the owner of Panera Bread and Einstein Bros. Bagels, will go public again in a listing backed by Shake Shack Inc. founder Danny Meyers USHG Acquisition Corp. USHG Acquisition will become an investor in Panera Bread when the casual-dining chain files for a traditional initial public offering, the two companies said Tuesday. Einstein Noah was founded in 1995 and was operating more than 850 US stores at the time of the sale. [6] In 1993 the company bought Saint Louis Bread Company which had 20 branches at the time. (JAB owns about two-thirds of Keurig Dr Peppers shares, a stake worth about $27 billion.). She is an avid bird watcher. (18981984). Panera Brands, the owner of Panera Bread and Einstein Bros. Bagels, will go public again in a listing backed by Shake Shack Inc. founder Danny Meyer's USHG Acquisition Corp. USHG Acquisition . Do not sell my personal infoPrivacy PolicyContact UsRSS. "We are delighted to introduce our first standalone location in Utah," said a Panera Bread spokesperson. Niren also serves as the CEO of Panera Bread, a pioneer and market leader in fast casual. Panera Bread parent announces CEO transition as it prepares for - CNBC Six stakeholders explain what happened, and what happens next. Each of the nine was left an 11.1% stake upon their adoptive fathers death. JAB struck a deal in 2013 to buy the coffee company D.E. [12][13][14], In May 2014, D.E Master Blenders 1753 announced to acquire a majority stake in Mondelez's coffee business (outside of France) to form Jacobs Douwe Egberts, it would combine brands Jacobs, Carte Noire, Gevalia, Kenco, Tassimo and Millicano from Mondelez International and Douwe Egberts, LOR, Pilao and Senseo from D.E Master Blenders. The chain focuses on healthier, additive-free foods. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Panera Bread (@panerabread) March 27, 2019 Berger was neighbors with Ken Rosenthal, who founded Panera in 1987 as the St. Louis Bread Co. (which is still its name in that city). Then She Fell in Love With One", https://en.wikipedia.org/w/index.php?title=JAB_Holding_Company&oldid=1161408842, Pages containing links to subscription-only content, Articles with dead external links from January 2020, Articles with permanently dead external links, Articles lacking reliable references from June 2019, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 22 June 2023, at 14:17. Au Bon Pain, which is a subsidiary of Panera, was also transferred to JAB Holding Company which is, in turn, owned by the Reimann family of Germany. Shaich's estimated annual earnings was $3.0 million, back in 2013, and with the recent sale of his lucrative . That December, JAB announced plans to buy Keurig for about $13.9 billion. That entity was formed as a result of a merger between another JAB brand and Mondelez International coffee products, which closed in 2015. Here is the breakdown of all the chains that JAB Holding owns. Peter Harf is the spokesperson for the Reimann family's JAB Holding Company. It didn't get its Panera name until 1997, inspired by the Spanish word, "panera" meaning breadbasket. 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In the news Home Retail The massive company that owns Panera Bread, Krispy Kreme, and Pret a Manger is buying another sandwich chain Kate Taylor and Yutong Yuan Most people have never heard of. JAB Holding Co is carving Panera Bread out into a new unit that will also include Caribou Coffee, Einstein Bros Bagels and other brands to help the chains expand as they emerge from the COVID-19 . "These crimes are disgusting.". [11] In August 2017, JAB announced the acquisition of Bruegger's Bagels. Luke Sharrett / Bloomberg via Getty Images file. The current ownership generation consists of four of the nine children who were adopted by Albert Reimann Jr., a direct descendant of Ludwig. It also has extensive holdings in the beauty-products market, including CoverGirl, Clairol Professional, Chloe, Calvin Klein and Coty. Dutch Bros. Inc., the coffee chain listed in September, has almost tripled its valued since its debut, and shares of Chicago hot-dog chain Portillos Inc. more than doubled after its IPO last month. 28, 2023. Yes, Panera became private in 2017 after JAB Holding paid $7.5 billion for the firm. Find Jeff's email address, mobile number, work history, and more. [30], Initially, each of the nine children had inherited 11.1% ownership in JAB upon Albert's death in 1984. See here for a complete list of exchanges and delays. Florida murder suspect arrested after 40 years, Rescuers amputate leg of woman stuck in travelator, China's new law tightens Xi's powers against the West. In 1993 the company bought Saint Louis Bread Company which had 20 branches at the time. 8736608, Get the weeks news highlights straight to your inbox. [2] Agnaten is listed, by PrivCo, as a subsidiary of Joh. November 9, 2021, 6:54 AM PST. Four years later it changed the chain's name to to Panera Bread. By Lisa Jennings on Jun. Delivery & Pickup Options - 68 reviews of Panera Bread "It's a Panera. It operates through three business . Should I keep drinking it? [29] They trace their wealth to chemist Ludwig Reimann, who, in 1828, joined with Johann Adam Benckiser (founder of the namesake chemical company). Peet's has since gone on a buying spree, picking up two US brands Intelligentsiaand Stumptown in 2016. The deal takes the restaurant group's Panera Bread portfolio to 90 outlets across six US states and follows a deal in May 2023 to open 24 Caribou Coffee locations in Missouri. Now holiday creep is. In 1999 it sold all its other businesses, including Au Bon Pain, to concentrate investment on Panera. Panera Bread - Stockton, California Permits and New Projects - Levelset The chairman is Bart Becht, a former CEO of Reckitt Benckiser and the holder of an MBA from the University of Chicago. Panera Bread Projects and Testimonials Overview - Levelset That said, it's still a go-to for lunch when visiting the Villages, given the other chainy (pronounced "Cheney") choices. Panera's origins began 36 years ago, under the Au Bon Pain name, with one outlet in Boston. YouTube The menu at Panera Bread has obviously undergone some changes over the years, but while the chain has seemingly always served mac and cheese, they discontinued their other pasta offerings. The latest from Restaurant Business, sent straight to your inbox. Shares in Panera closed more than 14% higher following the announcement. JAB Holding Owns Panera Bread, Krispy Kreme, and Pret a - Insider ", French minister plays down riots as violence continues, 'This was a kid': Paris suburb rocked by killing and riots, Australia begins world-first MDMA therapy for PTSD, Cyclone survivors go hungry as junta blocks aid, Deciphering Putin's many appearances since mutiny, Why a Japanese horse festival came under fire, 'Instead of saving us they sank the boat', India nurse who delivered more than 10,000 babies, Revellers and reflections: Photos of the week. the $7.5 billion acquisition of Panera Bread Co. Weve long admired Dannys work as he built some of todays most beloved brands with a relentless focus on hospitality and culture, Panera Brands Chief Executive Officer Niren Chaudhary said in the statement. Why Panera Bread Founder Ron Shaich Sold His Company BY John Kell April 5, 2017, 12:18 PM PDT Panera Bread CEO and founder Ron Shaich says the decision to sell the bakery cafe to German. About Panera. JAB reached a deal worth more than $300 million to buy Espresso House,the leading coffee chainin Sweden and Norway, in 2015. Company No. The owner of Krispy Kreme Doughnuts and Kenco coffee will pay $7.5bn (6bn) to take control of US bakery and sandwich chain Panera Bread. About Panera Bread. Mm good! From 1997 to 2017, it was the highest performing restaurant stock in its final 20 years as a public business, generating an 86-fold return to stockholders. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. making the worlds biggest shopping event even bigger, World Health Organization to declare aspartame, the sweetener in Diet Coke, a possible carcinogen, Cruise ship that lets you live onboard for 3 years for $38,000 per year will accommodate more passengers. 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An In-Depth Overview of Panera Bread - Market Realist Email or Username. Panera Bread - 8235 Agora Pkwy Ste 115 - Foursquare Panera Bread: Fraudulent Credit Card Charge - Owner refused to refund - See 2 traveller reviews, candid photos, and great deals for San Antonio, TX, at Tripadvisor. Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm.