Panera Bread, Caribou Coffee and Einstein Bros. Bagels unite as Panera brands, creating a fast and casual premier platform in the market
St. Louis, Missouri (RestaurantNews.com) Today, Panera Bread, Caribou Coffee and Einstein Bros. Bagels are proud to announce the formation of Panera Brands, a powerful new platform in fast casual, the fastest growing segment of the industry. Panera Brands brings together three iconic fast casual brands: Panera Bread, the pioneer and market leader in fast casual, Caribou Coffee, a beloved regional cafÃ©, and Einstein Bros. Bagels, the industry leader in bagels and bagel sandwiches. With nearly 4,000 locations and 110,000 employees in 10 countries, Panera Brands is one of the world’s largest and fastest growing fast casual companies.
Niren Chaudhary has been appointed CEO of Panera Brands Group and will continue to lead as CEO of Panera Bread. JosÃ© Alberto DueÃ±as, CEO of Einstein Bros. Bagels, and John Butcher, CEO of Caribou Coffee, will report to Chaudhary while remaining CEOs of their respective companies. Anchored in the distinctive skills of Panera Bread, including its extensive omnichannel retail network, strong digital infrastructure, industry-leading loyalty program, strong food innovation pipeline, world-class supply chain and Access to extremely well capitalized franchise owners, Panera Brands will be in a unique position to supercharge the growth of Caribou Coffee and Einstein Bros. Bagels alongside Panera Bread.
âTogether, as Panera brands, we are united by our common values ââand the shared belief that we can be force multipliers for good. We exist to provide exceptional experiences to our customers and to have a positive impact on our communities, the planet and our shareholders while unlocking the dreams of our teams. Said Niren Chaudhary, CEO of Panera Brands Group and CEO of Panera Bread. âWe believe that Panera Bread, Caribou Coffee and Einstein Bros. Bagels will leverage the unique expertise and services of each business to create an unrivaled fast-paced casual platform with tremendous avenue for growth. “
Panera Bread, with more than 2,100 bakery cafes, is a pioneer and leader in the fast casual market with leadership in the quality of its clean, transparent and sustainable ingredients, and in omnichannel access, digital convenience (45% of sales are made in e-commerce) and engagement (44 MM of MyPanera loyalty members). During the pandemic, Panera Bread successfully transitioned to more digital and offsite access and quickly broke new ground with new offerings such as its disruptive coffee subscription program and the exciting launch of Flatbread Pizza, demonstrating the power of its base. of highly exploitable premium assets. . As a result, with activity surpassed 2019 levels, the brand has grown stronger and gaining momentum, driving comparable restaurant sales over one and two years in May, June and July.
Caribou Coffee, founded in 1992, is the # 1 coffee brand in the Upper Midwest and has one of the most passionate and loyal customers of any coffee shop. With 713 stores in 10 countries, Caribou Coffee also has a significant presence outside of the United States. bagel sandwiches, Einstein Bros. Bagels operates 1,005 stores including Einstein Bros.Â® BagelsÂ®, Bruegger’s BagelsÂ®, Noah’s New York BagelsÂ® and Manhattan BagelÂ®.
âCaribou Coffee is proud to close the first half of 2021 stronger than ever,â said John Butcher, CEO of Caribou Coffee. âOur goal at Caribou Coffee is to create everyday experiences that trigger a chain reaction of GOOD. The creation of Panera Brands allows us to work together smarter and to have a greater impact for our teams, our guests and our communities. “
âAt Einstein Bros. Bagels, our continued focus on delivering the most dreamy breakfast experience for our customers and our efforts to transform the business in 2020 has enabled us to emerge from the pandemic as a stronger, more profitable and more agile company. âsaid JosÃ© Alberto DueÃ±as, CEO of Einstein Bros. Bagels. âI look forward to seeing our powerful portfolio of brands, executed with a retail model streamlined and optimized for a great digital experience, continue to grow. “
With dedicated world-class leadership teams for every business, strong core businesses focused on envy and high-quality ingredients, and improved efficiency, Panera Brands has a formidable avenue for growth. keep on going.
About the Panera brands
Panera Brands is one of the world’s largest casual fast food companies, with nearly 4,000 locations and 110,000 employees in 10 countries. A portfolio of complementary brands linked by common values ââand a formidable avenue for growth, Panera Brands includes Panera BreadÂ®, Caribou CoffeeÂ® and Einstein Bros.Â® Bagels. Panera Brands companies are operated independently and are built on cutting edge technology, loyalty, envy and high quality ingredients. Panera Brands companies are united in their mission to be force multipliers for the good of their guests, the communities, the planet and the shareholders they serve.
Panera Bread is a pioneer and market leader in fast casual, with leadership in the quality of its clean, transparent and sustainable ingredients, and in omnichannel access, digital convenience (45% of sales are from e-commerce) and l engagement (44 MM of MyPanera loyalty members). As of June 30, 2021, there were 2,120 Panera Bread bakeries in 48 states and Ontario, Canada, operating under the names Panera BreadÂ® or Saint Louis Bread Co.Â®. Caribou Coffee offers high quality handcrafted food and drinks, with 713 stores in 10 countries. Einstein Bros. Bagels, comprised of Einstein Bros.Â®, Bruegger’s BagelsÂ®, Noah’s New York BagelsÂ® and Manhattan BagelÂ®, is a market leader in bagels and bagel sandwiches operating more than 1,000 units owned and licensed across the United States. United.
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