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Au Bon Pain Reunites With Panera Bread

November 8, 2017: 12:00 AM EST
Soup and sandwich restaurant chain Panera Bread has purchased 304-unit cafe/bakery company Au Bon Pain, which was once spun off from the Panera business by founder Ron Shaich. JAB Holding Co., a family-held European company, purchased publicly-held Panera earlier this year for $7.5 billion and took it private. JAB owns the coffee brands Keurig Green Mountain, Peet’s Coffee, and Caribou Coffee, and last year paid $1.35 billion for the Krispy Kreme Doughnuts chain. Shaich will step down as Panera CEO in January.
Tiffany Hsu, "Panera Bread Buys Au Bon Pain, Adding to JAB’s Breakfast Empire", The New York Times, November 08, 2017, © The New York Times Company
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