Panera Bread has announced a suite of new, elevated packaging for its line of grocery products, along with the launch of several exciting new additions to its portfolio.
Following the close of the transaction, Panera will be privately held and continue to be operated independently by the company’s management team.
April 6, 2017
JAB Holding Co., the Washington, D.C., parent company of Krispy Kreme Doughnuts, Caribou Coffee and more, acquired Panera Bread Co., St. Louis, Mo., for $7.5 billion.
McDonald's Corp. announced a turnaround plan, including a restructuring of a new leadership team. Meanwhile, Panera Bread Co. named Drew Madsen as president, responsible for overseeing the core café business.
Brazil's Marfrig Alimentos, parent company of Keystone Foods, hired former Cargill executive Frank Ravndal, Jr. to serve as chief executive officer, replacing William Andersen, who held the position on an interim basis.
With a contrarian approach to foodservice, Boston-based Panera Bread Co. has succeeded in growing financially and physically -- even during a recession when its competition is struggling, says USA Today.
