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Panera Bread is an American chain of bakery-café fast casual restaurants with over 2,000 locations, ... The last location in Boston closed on February 15, 2019.
Tatte expanded into downtown Boston in 2019 with its Summer Street location, followed by a location at One Boston Place. [11] Ron Shaich, then CEO of Panera Bread, purchased over 50% ownership of Tatte in 2016. [12] After Shaich parted ways with Panera, he bought Panera's stake in Tatte and continues to be a lead investor.
In 2016, the founder of Panera Bread and Au Bon Pain, Ron Shaich, bought a 50.01% stake in Tatte. [14] As of 2022 [update] , there are 31 Tatte locations in Massachusetts and in Washington, D.C. [ 15 ]
In 1999, in addition to the 20 St. Louis Bread Company stores, Shaich's Panera Bread had more than 150 cafes. [20] [23] By 2000, Panera Bread, under Shaich's leadership, had 227 stores open across 27 states and $202 million in sales. Its stock went from $6 per share in 1999 to $19 per share in 2000 about a year later. [23]
When Au Bon Pain purchased it in 1993, the name changed to Panera. The fast-casual, sit-down restaurant is famous for its freshly baked bread, sandwiches, and various pastries, soups, and salads.
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.
Name Original location Founded Headquarters Parent company Number of U.S. locations Areas served Notes Au Bon Pain: Boston, Massachusetts: 1976 Richardson, Texas
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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