Panera Bread is one of the most popular restaurants out there these days with their incredible coffee, pastries, soups, and sandwiches. Plus, the restaurants attract health-conscious diners with their commitment to clean and whole food.
We found it to be quite surprising to see that Panera Bread is being SOLD!
Here’s the skinny: Europe’s JAB Holding Company is purchasing Panrea Bread for more than $7 billion. JAB has investments in other companies such as Peet’s Coffee & Tea, Caribou Coffee Co., Stumptown Coffee and Krispy Kreme Doughnuts and are rumored to be a rival of the Starbucks corporation. Unlike many companies who are prone to sell out because their finances are faltering, Panera Bread is being sold as a thriving company with shares and sales continuing to rise.
What does this mean for consumers? Time will only tell but we sure do hope that they don’t take away our free bagels and coffee each month!
Read more info here.