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The Fast Food Accountability and Standards (FAST) Recovery Act (AB 257) is a Californian law which brings multiple reforms to the state's fast food industry. The bill's provisions aim to allow workers and California state to hold fast-food chains responsible for issues like wage theft and overtime pay, and establish a council which itself shall be responsible for establishing minimum standards ...
In September 2022, Panera announced that legacy St. Louis Bread Co. locations outside St. Louis City and St. Louis County would be rebranded as Panera when remodeled, with locations in the inner core of the metro retaining the Bread Co. name. [56] One location in St. Louis County is named Panera as it is a prototype of the "Next Gen" restaurant ...
The Panera 2.0 makeover isn't just about giving customers new convenient ways to piece together their sandwiches, pastas, soups, and salads: Unlike the traditional Panera experience where pagers ...
Shaich led the sale of Panera to JAB Holdings for approximately $7.5 billion ($315 per share) in a deal approved by Panera's shareholders on July 11, 2017. The deal was the largest U.S. restaurant deal ever done up until that point in time at among the highest multiples – 18x EBITDA – on record. [ 41 ]
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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]
A wealthy campaign donor of California Gov. Gavin Newsom said the Panera Bread restaurants he owns will start paying workers at least $20 an hour on April 1 after controversy over whether a new ...