Panera sold for $7.5 billion on success of mobile orders and healthy menus,

Andy Uhler Apr 5, 2017
HTML EMBED:
COPY

Panera sold for $7.5 billion on success of mobile orders and healthy menus,

Andy Uhler Apr 5, 2017
HTML EMBED:
COPY

In the most expensive U.S. restaurant deal in history, Panera, that spot that touts itself as a healthy fast-casual restaurant, has been acquired by private European investors JAB Holdings. The deal is reported to be worth $7.5 billion. Panera’s headquarters is in St. Louis, and the chain has about 2,000 locations in the U.S. It joins recent acquisitions at JAB, like Einstein Bros. Bagels, Krispy Kreme doughnuts and Peet’s Coffee and Tea. Panera makes sense for JAB’s trend in buying coffee and baked goods businesses.

Click the audio player above to hear the full story.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.