Not to be confused with Panerai. Panera Bread in the Chicago Loop in 2006. Panera Bread Company how to make panera green tea an American chain store of bakery-café fast casual restaurants with over 2,000 locations, all of which are in the United States and Canada.
The company, which also owns Au Bon Pain, is owned by JAB Holding Company which is, in turn, owned by the Reimann family of Germany. These, along with Panera’s artisan breads, are typically baked before dawn by an on-staff baker. During its final 20 years as a public company, from 1997 to 2017, it was the best performing restaurant stock, delivering an 86-fold return to shareholders. Panera was once the largest provider of free Wi-Fi hotspots in the United States. Many locations restrict the duration of free Wi-Fi to 30 or 60 minutes during peak hours. In 1987, Ken and Linda Rosenthal founded The St. Louis Bread Company with the first location in Kirkwood, Missouri.
In 1993, Au Bon Pain Co. In 1997, Au Bon Pain changed the company name to Panera, from a word that has roots in the Latin word for “breadbasket”. At the same time, the St. Louis Bread Company renovated its 20 bakery-cafés in the St. In May 1999, Au Bon Pain Co. 78 million, in order to focus on the Panera Bread chain.
In 2000, Panera Bread moved its headquarters to Richmond Heights, Missouri. In February 2008, a class action lawsuit was filed against the company alleging it failed to disclose material adverse facts about the company’s financial well-being, business relationships, and prospects. 75 million to shareholders while admitting no wrongdoing, settling the lawsuit. In November 2010, Panera Bread relocated its headquarters to Sunset Hills while vacating its Richmond Heights headquarters and Brentwood, Missouri offices. The company leased additional space for its headquarters in 2013. In May 2014, Panera unveiled “Panera 2.
0″, a series of integrated technologies including new capabilities for digital ordering, payment, operations, and ultimately, consumption. In June 2014, Panera unveiled its official Food Policy which detailed commitments to clean ingredients, transparency, and a positive impact on the food system. This policy outlines the company’s values and sets a course for continuous improvement. Café locations were rebranded as Panera Bread. On March 23, 2016, Panera opened its 2,000th location, a cafe in Elyria, Ohio. In January 2017, Panera announced its food menu was free of artificial colors, flavors, sweeteners, and preservatives. On November 8, 2017, Panera announced that founder Ron Shaich was stepping down as CEO, and company president Blaine Hurst would take over.