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Panera announced on November 8, 2017, that founder Ron Shaich was stepping down as CEO, and company president Blaine Hurst would take over. Shaich remained chairman. [42] The company also announced the acquisition of Au Bon Pain. [43] [9] [44] [45] Panera divested Tatte Bakery & Café to Act III Holdings, LLC, owned by Shaich in January 2018. [46]
Ronald M. Shaich (born December 30, 1953) is an American businessman, entrepreneur, investor, and best-selling author who co-founded Au Bon Pain Inc., and later, founded Panera Bread, both of which he served as CEO and chairman. [1]
Country of origin Name Number of locations Revenue 1 China Mixue Ice Cream & Tea: 45,000 (2024) [1]: 168 RMB13.6 billion (2021) [1]: 247 : 2 United States McDonald's ...
But Shaich returned to Panera as chairman and CEO in 2013. From 2013 to the time of its sale to JAB Holdings in 2017 for $7.5 billion, Shaich was at the leading edge of digital ordering and fast ...
Starbucks wants to eat Panera Bread's lunch. And why shouldn't the world's biggest coffee chain aspire to be more like Panera? After all, Panera has earned its place atop the fast-casual food ...
This Starbucks-like approach. Prior to this summer, Panera Bread had been a market darling. This had everything to do with the company's business strategy, which was to offer high-quality food in ...
The chain is now owned by Panera Brands. [1] [2] Boston Chicken, Inc. originally formed the Einstein and Noah Bagel Corporation as Progressive Bagel Concepts, Incorporated (PBCI) in March 1995, when it purchased four retail bagel chains, all located in regions of the United States that did not have longstanding bagel traditions.
Recently, The Motley Fool picked a handful of enterprises to be our 25 Best Companies in America. Considering the sheer number of businesses we had to whittle down, very few ultimately made the cut.