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Panera Bread bakery-cafes donate $100 million worth of unsold bread and baked goods annually to local organizations in need. [75] Panera also supports events held by nonprofit organizations serving those in need by donating a certificate or fresh bakery products.
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Under Shaich's leadership, from 1997 to 2017, Panera Bread was the best-performing public restaurant stock. [ 3 ] [ 4 ] Shaich sold Panera Bread for $7.5 billion in 2017. [ 5 ] He currently serves as CEO and Managing Partner of Act III Holdings, a $1 billion+ evergreen investment firm that he founded in 2018 with approximately $250 million of ...
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In April 2017, JAB reached an agreement to buy U.S.-based Panera Bread, a fast casual bakery-café chain, for $7.5 billion. [23] Also in April, JAB was reported to be stepping back from investment in luxury goods, with reported plans to sell its stakes in the designer shoe and clothing brands Jimmy Choo, Bally, and Belstaff. [12]
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As of 2024 the Group operated around 2,600 franchise locations around the world, primarily of Applebee’s, Arby's, Pizza Hut, Wendy's, Panera Bread, Taco Bell, and Planet Fitness. [8] They had approximately 72,000 employees. [7] The company engages in a complex menu strategy overseen by a team of economists and data scientists. [11]