Panera Bread sold to German group

[McFurd]

Consumer Affairs - 4/5/2017 - Mark Huffman - If you're a fan of Panera Bread, you might not have heard of JAB Holding Company, the German group that is buying the U.S. fast-casual chain for $7.5 billion, including its debt. JAB Holding is not exactly a household name. It's the investment company controlled by a very wealthy German family, heirs to a company that sells consumer good, Joh. But while JAB Holdings isn't nearly as familiar to consumers as McDonald's and Starbucks, it has had a growing presence in the U.S. in recent years. It has acquired Einstein Bagels, Peet's Coffee, and Caribou Coffee. Two years ago it scooped up Keurig Green Moountain Coffee and Krispy Kreme donuts. Panera Bread gives the German firm another foothold in the U.S. food service market. Panera Bread now has more than 2,000 stores with some $5 billion in annual sales. Read more @ https://www.consumeraffairs.com/news/pa ... 40517.html