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Panera Founder Takes ‘Buffett Approach’ for New Restaurant Fund

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  • Shaich wants to keep small chains off ‘Wall Street treadmill’
  • Fund seeks to build companies without necessarily going public

Ron Shaich wants to bring a touch of Warren Buffett to the restaurant industry.

The founder and former chief executive officer of Panera Bread Co., who sold the fast-casual chain to JAB Holding Co. last year for more than $7 billion, has started a $300 million investment fund that he says will help entrepreneurs in the restaurant industry stay off of the “Wall Street treadmill.”