Panera Brands Files for IPO

Estimated read time: 4 minutes and 11 seconds

BREAD WINNER

Panera Brands, the casual dining group owned by investment firm JAB, has filed for a confidential IPO in the U.S. (Read Here)

PANERA: Casual dining group Panera Brands, owned by investment firm JAB, has filed for a confidential IPO in preparation for going public next year.

Pan Gang: Panera Brands, includes Panera Bread, Einstein Bros. Bagels, and Caribou Coffee.

JAB's Acquisition: JAB purchased Panera Bread for $7.5 billion in 2017, forming Panera Brands with Einstein Bros. Bagels and Caribou Coffee. - Panera Brands recently cut 17% of its Panera Bread corporate staff, preparing for the IPO.

Lead Underwriter: JPMorgan Chase is the lead underwriter for Panera Brands' confidential IPO filing. - The confidential filing allows Panera Brands to make adjustments privately before publicly filing with the SEC.

Global Operations: Panera Brands operates over 3,850 locations across 11 countries, with 2,131 Panera Bread or Saint Louis Bread Co. stores in the US and Canada. - Caribou Coffee operates 738 stores in 10 countries, and Einstein Bros. Brands operates 984 company-owned and licensed units in the US.

🧠 EDITOR’S THOUGHTS

Uppercut, Hook, JAB: JAB Holding Company is a German conglomerate that also owns the following brands in their portfolio - Peet’s Coffee, Krispy Kreme, Pret A Manger, Compassion-First Pet Hospitals, and many more.

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