Panera Bread Company is an American bakery-café fast-casual restaurant chain, offering bakery items, pasta, salads, sandwiches, soups, and specialty drinks. Founded in 1987 as Paradise...
Panera Bread Company is an American bakery-café fast-casual restaurant chain, offering bakery items, pasta, salads, sandwiches, soups, and specialty drinks. Founded in 1987 as Paradise Bakery & Cafe, a community bakery, they rebranded as Panera Bread in September 2015. Today, over 2,100 bakery cafes operate under the Panera Bread or Saint Louis Bread Company in 48 states and Ontario, Canada. Panera was acquired by JAB Holding Co. in 2017 for $7.5 billion and became a private company. They are now headquartered in Sunset Hills, MO.
JAB Holding Company is a German conglomerate that includes investments in companies operating in consumer goods, forestry, coffee, luxury, fashion, animal health, and fast food, among others. JAB Holding Company owns Bagel Brands, Caribou Coffee, Einstein Noah Restaurant Group, Espresso House, Krispy Kreme, Peet’s Coffee, and Pret a Manger, as well as Keurig and Dr. Pepper. Established in 2012 as a partner-led investment firm, with $9B of invested capital, today the company manages over $50B in capital. JAB Holding Company is headquartered in Luxembourg.
CAD Capital LLC is a wholly owned subsidiary of Covelli with over 50 locations. Founded in 1960, Covelli Enterprises has grown to become one of the largest franchisees in the United States and the single largest franchisee in the Panera Bread system. Previous owner and operator of 45 McDonald's franchises, Covelli currently owns and operates more than 350 Panera locations in 8 states including Ohio, Pennsylvania, Kentucky, North Carolina, Tennessee, South Carolina, Georgia, and Florida. In addition to Panera Bread, Covelli Enterprises is also a franchisee of several Dairy Queen and O’Charley’s Restaurants and recently signed a development deal to open more than 100 Caribou Coffee locations.