Panera is a restaurant chain that produces artisanal bread, operates under the brand names Panera Bread, self service panera bread St. Louis Bread and Paradise Bakery & cafe; its premises are in suburban malls and close to regional offices. The main product is the artisan bread, however offers a variety of sandwiches and soups, with a segment divided into six times: breakfast, the “cold” AM, lunch, the “cold” PM, dinner and to take home.
Panera Bread makes nine salads, two of which were chosen by ShopSmart Magazine as one of the healthiest salads available in restaurant chains. Since Panera salads are made to order, you can substitute the ingredients of each salad your choice.
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Panera Bread History Timeline
1980 – Ron Schaich, founder and CEO, established a cookie shop in Boston, The Cookie Jar.
1981 – Schaich became the concessionaire of a bakery chain with 3 locales: Au Bon Pain, which then merged with the Cookie Jar to form ABP, INC.
1984 – Schaich developed the bakery-coffee concept.
1991 – ABP, Inc. entered the bag.
1993 – The company created the subsidiaries ABP manufacturing and ABP International, as a result of the few opportunities to continue expanding through new premises, in addition, in the same year it acquired St. Louis Bread Company. The company reached the local 250. With the acquisition of the St. Louis Bread Company, Schaich took 2 years to learn more about the business and develop a new concept, based on competitive advantages and trends, in addition, to decide to change the name of that new brand to Panera Bread.
1996 – Panera Bread became one of the pioneer companies of the new fast-casual concept (fast and informal) in the country.
1997 – Local sales grew from US $1,000,000 to US $1.700.000, i.e. US $700,000 from 1993.
1999 – Schaich sold all its brands, except Panera Bread, leaving with 180 local of the 250 that it had in the year 1993. With this action left without debts and renamed the company as Panera Bread Company.
1999-2010 – between these years the company used new strategies.
In 2010 reached 1,480 Bakery-cafes with sales of US $3 billion; Compared to 901 bakery-cafes with sales of US $1.6 billion in 2005.
In 2017 – Company owner of Krispy Kreme buys restaurant chain Panera Bread JAB Holding buys U.S. chain Panera Bread for 7.5 billion dollars.
JAB Holding, the investment firm of the Reimann family, one of the most powerful in Germany, has reached an agreement to acquire for 7.5 billion of dollars (7.03 billion euros) the American chain of bakeries and restaurants Panera Bread, including 340 Million in company debt.
The firm based in Luxembourg and present in the food and consumer sectors through the manufacturer of beauty products Coty, the firm of high-end shoes Jimmy Choo or the coffee Keuring Green Mountain, among other investments, will pay 315 dollars in Effective for each breading Bread action, which is a 11.5% premium on Tuesday’s closing price and 30% for the average of the last thirty sessions.