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Panera Bread

Operations

Panera Bread merges with Caribou Coffee and Einstein Bros. Bagels to form Panera Brands

The new group of more than 4,000 restaurants creates a “powerhouse platform in fast casual,” the company said.

Financing

These are all the companies planning or considering IPOs

Three restaurant chains have confidentially filed documents for an initial public offering and others are considering it, says RB’s The Bottom Line.

Ampex Brands Family of Companies, a 400-unit operator of Yum concepts and 7-Eleven, will acquire the concept, which is getting a new leadership team.

IPOs by JDE/Peet’s and Krispy Kreme, and perhaps Panera Bread, signal a major shift in strategy for a firm many thought had long-term aspirations, says RB’s The Bottom Line.

The fast-casual chain is offering inoculated customers some free carbs early next month to incentivize the COVID shots.

As pandemic restrictions ease, the fast casual’s new prototype hasn’t forgotten the dining room even as it beefs up off-premise convenience.

We’re unlikely to see major restaurant chains try self-delivery anytime soon after the end of Panera’s service, says RB’s The Bottom Line.

The pandemic has pushed Panera Bread to quietly end its self-delivery program.

A new virtual catering channel and more are giving the brand hope for the sluggish revenue channel in the new year.

CEO Niren Chaudhary, who joined the chain months before the pandemic hit, said it is still possible to foster a productive team atmosphere without face-to-face meetings.

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