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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. [ Image credit: © Wikipedia   ]
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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