Panera Bread Company is an American chain store of bakery-café fast casual restaurants with more than 2,000 locations, all of which are in the usa and Canada. Its headquarters are in Sunset Hills, Missouri, a suburb of St. Louis. The company operates as Saint Louis Bread Company in Greater St. Louis, where it has over 100 locations. Offerings include bakery items, pasta, salads, sandwiches, soups, and specialty drinks.
The company, that also owns Au Bon Pain, is properties of JAB Holding Company, that is in turn owned by the Reimann family of Germany. Panera offers a variety of pastries and baked goods, including bagels, brownies, cookies, croissants, muffins, and scones. These, together with Panera’s artisan breads, are usually baked before dawn by an on-staff baker. Aside from the bakery section, https://allfoodmenuprices.org/panera-bread-menu-prices/ includes a regular menu for dine-in or takeout including: flatbreads, panini, Panera Kids, pastas, salads, sandwiches, side choices, and soups, along with coffee, espresso drinks, frozen drinks, fruit smoothies, hot cocoa, iced drinks, lattes, lemonade, and tea.
During its final 20 years being a public company, from 1997 to 2017, it was the most effective performing restaurant stock, delivering an 86-fold come back to shareholders. Panera was once the greatest provider of free Wi-Fi hotspots in america. Many locations restrict the length of free Wi-Fi to 30 or 60 minutes during peak hours. In 1987, Ken and Linda Rosenthal founded The St. Louis Bread Company with all the first location in Kirkwood, Missouri. The Rosenthals invested $150,000 and received a $150,000 Business Administration loan.
In 1993, Au Bon Pain Co., a public company, purchased the St. Louis Bread Company for $23 million. In 1997, Au Bon Pain changed the company name to Panera, from your Spanish language word panera, meaning “granary” or “breadbasket”. Simultaneously, the St. Louis Bread Company renovated its 20 bakery-cafés within the St. Louis area.
In May 1999, Au Bon Pain Co. sold Au Bon Pain to Bruckmann, Rosser, Sherrill & Co. for $78 million, to be able to focus on the Panera Bread chain. In 2000, Panera Bread moved its headquarters to Richmond Heights, Missouri. In 2007, Panera Bread purchased a 51% stake in Paradise Bakery & Café, a Phoenix metropolitan area-based concept with over 70 locations in 10 states, predominantly in the west and southwest, for $21.1 million. The business purchased the balance of Paradise in June 2009.
In February 2008, a class action lawsuit was filed against the company alleging it failed to disclose material adverse facts about the company’s financial well-being, business relationships, and prospects. In February 2011, Panera decided to pay $5.75 million to shareholders while admitting no wrongdoing, settling the lawsuit. In October 2008, Panera Bread expanded into Canada, opening locations in Richmond Hill, Thornhill, Oakville, and Mississauga within the Greater Toronto Area.
In November 2010, Panera Bread relocated its headquarters to Sunset Hills while vacating its Richmond Heights headquarters and Brentwood, Missouri offices The business leased additional space because of its headquarters in 2013.
In May 2014, Panera unveiled “Panera 2.”, a number of integrated technologies including new capabilities for digital ordering, payment, operations, and ultimately, consumption. It includes tablet kiosks with iPads, in which the company calls Fast Lane, where customers may make an order and pay without approaching the counter. Customers may also place orders and pay by using an app on their own smartphone or tablet. In 2017, digital orders included over $1 billion in orders, or 26% of sales.
In June 2014, Panera unveiled its official Food Policy which detailed commitments to clean up ingredients, transparency and a positive impact on the food system..This insurance policy outlines the company’s values and sets a cbnjac for continuous improvement. Panera also produced a persistence for remove artificial additives (colors, flavors, sweeteners, and preservatives) on its “No No List” from your food in their US bakery-cafes by the end of 2016.
On March 23, 2016, Panera opened its 2,000th location, a cafe in Elyria, Ohio. In September 2015, many Paradise Bakery & Café locations were rebranded as Panera Bread. In January 2017, Panera announced its food menu was free of artificial colors, flavors, sweeteners, and preservatives. On July 18, 2017, JAB Holding Company acquired the company for $7.16 billion.
On November 8, 2017, Panera announced that founder Ron Shaich was stepping down as CEO, and company president Blaine Hurst would take control. Shaich remained chairman. The business also announced the acquisition of Au Bon Pain. In January 2018, the business formed a consulting business to aid restaurants remove artificial ingredients off their menus.
On April 2, 2018, Brian Krebs reported that this panera bread breakfast menu had leaked between 7 million and 37 million customer records – including names, email and physical addresses, customer loyalty account numbers, birthdays, and also the last four digits of the customers’ credit card numbers – for around eight months prior to the site was taken offline. Panera was notified privately regarding the vulnerability in August 2017 but failed to remedy it until after it was disclosed publicly eight months later. Panera said the leak affected less than ten thousand customers along with been fixed. In May 2018, the business introduced delivery services to 897 cities in 43 states, employing its very own drivers. Based on the company, this created 13,000 jobs