TL;DR
Panera Bread Company has been sold to JAB Holding Company for $7.5 billion. The chain will continue to be operated independently by its management team.
Panera Bread Company is no longer available for sale and has been bought by JAB Holding Company, according to a recent Fast Casual article. Coming in at $315 per share and a transaction valued close to $7.5 billion, the chain will continue to be operated independently by the company’s management team.
“We strongly support Panera's vision for the future, strategic initiatives, culture of innovation, and balanced company versus franchise store mix. We are excited to invest in and work together with the company's management team and franchisees to continue to lead the industry," said Olivier Goudet, JAB Partner and CEO.
The portfolio of JAB Holding Company and JAB Consumer Fund already includes many well-known brands. The company has controlling stakes in Caribou Coffee Company, Peet’s Coffee & Tea, Keurig Green Mountain, and Krispy Kreme Doughnuts and Espresso House.
In this story
This story was originally published in 1851 Franchise on April 5, 2017. Burnaze summarizes and links to the original reporting.
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