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Reuters reveals JAB’s Panera Bread to join coffee, bagel chains in new unit

Reuters reveals JAB’s Panera Bread to join coffee, bagel chains in new unit

Business & Finance

Reuters broke the news that JAB Holding Co is carving Panera Bread out into a new unit that will also include Caribou Coffee, Einstein Bros Bagels and other brands to help the chains expand as they emerge from the COVID-19 pandemic. The new group, to be called Panera Brands, combined will have nearly 4,000 locations in 10 countries. JAB is a $120 billion, family-owned Luxembourg-based consumer private equity firm that also owns major stakes in Keurig Dr. Pepper and beauty company Coty Inc.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: EquitiesFood & Beverage

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Categories:
USA
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