- Yahoo Finance
Panera announced on November 8, 2017, that founder Ron Shaich was stepping down as CEO, and company president Blaine Hurst would take over. Shaich remained chairman. The company also announced the acquisition of Au Bon Pain. Panera divested Tatte Bakery & Café to Act III Holdings, LLC, owned by Shaich in January 2018.
Ron Shaich Founder and Chairman of Panera Bread “I recommend Back to Human to any leader who wants to create a higher quality of life for their team. Schawbel ...
Ron Shaich, the founder of the ubiquitous fast-casual restaurants Panera and Au Bon Pain, is a major investor in Tatte. But Or insists that isn’t what she wants. “Many people don’t know the story of Tatte, don’t know that Tatte was not created to make money.
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The popular pancake house slimmed its 12-page menu down to just two pages in 2020, nixing numerous items across its main categories, including the Banana Nutella and Chicken Florentine Crepes.
No Labels is an American political organization whose proclaimed mission is to combat partisan dysfunction in politics and build a bipartisan governing coalition.. No Labels promoted the creation of the Problem Solvers Caucus which has 58 members, evenly divided between Republican and Democrats to forge bipartisan cooperation on key issues.
Partnering with the late Louis Kane, the owner of Au Bon Pain, and later acquiring the St. Louis Bread Company, Shaich recognized the potential for a bakery-cafe business boom. In the 1990s, the Panera brand was launched to fill the niche of reasonably priced food in a relaxed casual setting.
Panera Bread Company is a food service company. The Company is a national bakery-cafe concept. As of December 27, 2016, the Company operated 2,036 own and franchise-operated bakery-cafe locations in 46 states, the District of Columbia, and Ontario, Canada.
This is why Shaich took Panera private: so the company could focus on more complex, long-term strategies like digital integration that may reduce more immediate payouts but can significantly increase future returns. Shaich’s harsh words for the industry have made the merger between Zoës Kitchen and Cava, financed by Shaich’s Act III, huge ...