Hotels, Restaurants and Leisure
Company Overview of Panera Bread Company
Panera Bread Company, together with its subsidiaries, owns, operates, and franchises retail bakery-cafes. The company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. It operates bakery-cafes under the Panera Bread, Saint Louis Bread Co., and Paradise Bakery & Café names that offer daily baked goods, including freshly baked bagels, breads, muffins, scones, rolls, and sweet goods; made-to-order sandwiches on freshly baked breads; soups; freshly prepared and hand-tossed salads; pasta dishes; and custom roasted coffees and cafe beverages, such as hot or cold espresso and cappuccino drinks and smoothies through o...
3630 South Geyer Road
St. Louis, MO 63127
Founded in 1981
Key Executives for Panera Bread Company
Co-Founder, Executive Chairman of the Board & Chief Executive Officer
Chief Financial Officer and Senior Vice President
Chief Operating Officer and Executive Vice President
Executive Vice President of Sourcing, Distribution and Manufacturing
Compensation as of Fiscal Year 2017.
Panera Bread Company Key Developments
Panera Bread Company Announces Board Changes
Jul 18 17
On July 18, 2017 (the ‘Closing Date’), pursuant to the Agreement and Plan of Merger (the ‘Merger Agreement’), dated April 4, 2017, among Panera Bread Company (the ‘Company’ or ‘Panera’), Rye Parent Corp., a Delaware corporation (‘Parent’), Rye Merger Sub Inc., a wholly owned subsidiary of Parent (‘Merger Sub’), and JAB Holdings B.V., (‘JAB’), JAB completed its previously announced acquisition of the Company through the merger of Merger Sub with and into the Company (the ‘Merger’), with the Company surviving the Merger. As a result of the Merger, the Company became a wholly owned subsidiary of Parent and an indirect subsidiary of JAB. In connection with the Merger, effective as of the Effective Time, Larry J. Franklin, Diane Hessan, William W. Moreton, Fred K. Foulkes, D.B.A., Ronald M. Shaich, Mark Stoever, Domenic Colasacco, Thomas E. Lynch, and James D. White, constituting all of the members of the board of directors of Panera (the ‘Board’) as of immediately prior to the Effective Time, resigned from their roles as directors of Panera. None of these resignations were as a result of any disagreement with Panera, its management or its Board. At the Effective Time, all of the incumbent officers of the Company immediately prior to the effectiveness of the Merger, continued as officers of the Company. Following the effectiveness of the Merger, Parent, the sole stockholder of the Company, elected Joachim Creus and Markus Hopmann to the Board as directors of the Company, effective immediately.
Panera Bread Company Requests NASDAQ To File Form 25 With SEC To Delist And Deregister Class A Common Stock
Jul 18 17
On July 18, 2017 (the “Closing Date”), pursuant to the Agreement and Plan of Merger, dated April 4, 2017, among Panera Bread Company (the “Company” or “Panera”), Rye Parent Corp. (“Parent”), Rye Merger Sub, Inc., a wholly owned subsidiary of Parent (“Merger Sub”), and JAB Holdings B.V., a private limited liability company incorporated under the laws of the Netherlands (“JAB”), JAB completed its previously announced acquisition of the Company through the merger of Merger Sub with and into the Company (the “Merger”), with the Company surviving the Merger. As a result of the Merger, the Company became a wholly owned subsidiary of Parent and an indirect subsidiary of JAB. The Merger became effective upon filing of the certificate of merger with the Secretary of State of the State of Delaware on the Closing Date (the “Effective Time”). In connection with the closing of the Merger, the Company (i) notified the NASDAQ Stock Market (“NASDAQ”) on the Closing Date of the consummation of the Merger and (ii) requested that NASDAQ file with the SEC a Form 25 Notification of Removal from Listing and/or Registration to delist and deregister the Class A Common Stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Trading of Class A Common Stock on the NASDAQ was suspended as of approximately 9:00 am EST on July 18, 2017. The Company intends to file with the SEC a Form 15 requesting the termination of registration of the Class A Common Stock under Section 12(g) of the Exchange Act and the suspension of reporting obligations under Section 13 and 15(d) of the Exchange Act.
Panera Bread Company Unveils New Plant Based, Protein Rich and Nutrient-Packed Menus
Jul 13 17
Panera Bread Company announced the addition of three new curated menus to its digital-ordering experience: Plant Based, Protein Rich and Nutrient-Packed. The new menus, enabled by Panera’s clean pantry and leading digital-ordering platform, make it even easier for guests to select and easily customize their food choices with the ingredients that best serve their taste and dietary preferences. Plant Based (Featuring theAncient Grain Greek Salad created by Frances Largeman-Roth, RDN): A menu for vegetarians, vegans or those who simply like their veggies. Options feature an abundance of high-quality, clean ingredients, including almonds and quinoa, and fresh produce like romaine, arugula, avocado, citrus and blueberries. Protein Rich(Featuring the Avocado Cobb Salad with Chicken created by Mitzi Dulan, RD): A menu for guests who are fitness-minded or just interested in the lasting energy that protein supplies. Each option provides at least 20% of the recommended daily value of protein. Nutrient-Packed(Featuring the Blueberry and White Balsamic Salad created by Mitzi Dulan, RD): A menu of nutrient-packed meals with the right balance of calories, fat, sodium, carbohydrates, fiber and protein to help fuel guests without over-indulging. The new Panera curated menus can be easily found within the company’s digital-ordering experience via in-store kiosk, web, or mobile app. Guests simply select a curated menu to uncover the Panera offerings that meet the criteria for the new categories. Like all of Panera’s menu items, the new menus and the new salads are free from all artificial sweeteners, preservatives, flavors and colors from artificial sources.
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