The concept’s title was in the end changed to Panera Bread.
By 1997, it became very clear that Panera Bread had the prospective to become one particular of the main manufacturers in the nation. In May 1999, to extend Panera Bread into a nationwide restaurant, all of Au Bon Discomfort Co’s organization models were bought, with the exception of Panera Bread. The organization was then renamed Panera Bread.
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The corporation was operating 1,362 bakery-cafes in forty states and seventeen services that delivered new dough to the cafes day-to-day. Panera Bread still operates under the identify St. Louis Bread Company, with its headquarters in St. Louis.
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The St. Louis space has about fifty spots. In 2005, Panera Bread was recognized as one of Business enterprise Week’s “100 Hot Development Corporations”, earning $38. In 2006, Panera Bread was recognized as the prime performer in the cafe class for just one, 5, and ten yr returns to shareholders, claimed by The Wall Street Journal.
In 2007, Panera Bread acquired a the vast majority stake in Paradise Bakery Cafe, a Phoenix-based principle with in excess of 70 spots in ten states, the stability to be bought in June of 2009. In 2008, Overall health magazine judged Panera Bread as the healthiest quick food stuff cafe.
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