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Panera Bread

Financing

Panera Brands will go public, with an assist from Danny Meyer

Meyer will invest in the owner of Panera Bread, Caribou Coffee and Einstein Bros., and his USHG Acquisition Corp. will become a "cornerstone partner" of the company.

Operations

Panera makes a bold climate-change pledge

The fast casual set the goal of becoming “climate positive”—removing more carbon from the environment than it emits—by 2050.

The Taco Lover’s Pass, currently launching only at units in Tucson, Ariz., is available via the chain’s app and allows the user to redeem one taco per day for 30 days.

The operator of six restaurant concepts has added 20 lodging properties to his holdings in a $211 million deal.

The European investment firm has been buying up restaurants since 2012. In recent years, the company has taken some of its companies public, sold others, and merged existing holdings.

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

Niren Chaudhary, CEO of the newly formed fast-casual supergroup of Panera Bread, Caribou Coffee and Einstein Bros. Bagels, discusses why the trio banded together and what to expect.

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.

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