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2024-04-01 23:30:19

Panera Bread

American bakery-café chain store
American bakery-café chain store
Panera Bread is a popular American bakery-café chain with over 2,000 locations in the US and Canada. Known for its pastries, artisan breads, and diverse menu offerings, Panera also offers a variety of beverages. The company was the largest provider of free Wi-Fi hotspots in the US and is owned by JAB Holding Company.
1981
Panera Bread founded as Au Bon Pain Co.
Panera Bread was established in 1981 by Louis Kane and Ron Shaich under the name Au Bon Pain Co.
1987
St. Louis Bread Company founded
In 1987, St. Louis Bread Company was established as a community bakery with a sourdough starter from San Francisco, aiming to make fresh bread accessible to all. This marked the beginning of what would later become Panera Bread.
1991-06
Panera Goes Public
In 1991, Panera became a publicly traded company on NASDAQ, with shares reaching $13.25 on its IPO day.
1993
Purchase of Saint Louis Bread Company
In 1993, Au Bon Pain Co., Inc. purchased Saint Louis Bread Company, which eventually underwent a re-staging and was renamed as Panera Bread.
1997
Rebranding to Panera Bread
By 1997, the concept's name was changed to Panera Bread, signifying its potential to become one of the leading brands in the nation.
1999-05-23
Company renamed to Panera Bread
In May 23, 1999, the company formerly known as Au Bon Pain Co. was rebranded as Panera Bread.
2000
Headquarters move to Richmond Heights
In 2000, Panera Bread moved its headquarters to Richmond Heights, Missouri.
2005
Panera Bread Ranking on Bloomberg BusinessWeek's List
In 2005, Panera Bread secured the 37th position on Bloomberg BusinessWeek's list of 'Hot Growth Companies', achieving $38.6 million in earnings with a notable 42.9 percent increase in profits.
2006-08-24
Au Bon Pain recognized as one of Business Week's '100 Hot Growth Companies'
Au Bon Pain was acknowledged as one of Business Week's '100 Hot Growth Companies' for its exceptional growth and performance.
2007
Acquisition of Paradise Bakery & Café
In 2007, Panera Bread purchased a 51% stake in Paradise Bakery & Café, a Phoenix metropolitan area-based concept with over 70 locations in 10 states, predominantly in the west and southwest, for $21.1 million.
2008-10
Expansion into Canada
In October 2008, Panera Bread expanded into Canada, opening locations in Richmond Hill, Thornhill, Oakville, and Mississauga in the Greater Toronto Area.
2009-06-03
Panera Bread recognized as one of Business Week's '100 Hot Growth Companies'
Panera Bread was once again acknowledged as one of Business Week's '100 Hot Growth Companies' for its sustained growth and success.
2010-11
Relocation of Headquarters to Sunset Hills
In November 2010, Panera Bread relocated its headquarters to Sunset Hills while vacating its Richmond Heights headquarters and Brentwood, Missouri offices.
2011
Racial Discrimination Allegation Lawsuit
In 2011, a former employee filed a racial discrimination lawsuit against Panera Bread, claiming he was fired unjustly. The lawsuit alleged discriminatory practices in employee placement and termination. Panera denied the allegations and settled the lawsuit in 2012.
2012-03-28
Ron Shaich and Bill Moreton become Co-CEOs
On March 28, 2012, Ron Shaich and Bill Moreton were appointed to share the title of CEO at Panera Bread.
2014-05
Launch of Panera 2.0
In May 2014, Panera introduced 'Panera 2.0', a set of integrated technologies for digital ordering, payment, and operations. This included tablet kiosks with iPads for fast ordering and payment, as well as mobile app ordering.
2016-03-23
Opening of 2,000th Location
On March 23, 2016, Panera Bread opened its 2,000th location in Elyria, Ohio.
2016-09-27
Panera Bread reaches 2,024 shops in 46 states
As of September 27th, 2016, Panera Bread has expanded to a total of 2,024 shops across 46 states in the United States.
2016-12-07
Credits
On December 7, 2016, credits were given for the information provided about Panera Bread's history and expansion.
2017-04-06
Key moments in Panera Bread’s history
A retrospective look at significant events and achievements in the history of Panera Bread, the bakery-café chain, over the years.
2017-07-18
Acquisition of Panera by JAB Holding Co.
On July 18, 2017, Panera was acquired by JAB Holding Co., marking the end of its 26-year run as a public company. The acquisition was a significant milestone for Panera, which had been the best-performing restaurant stock over the last two decades.
2017-11-08
Founder Ron Shaich Steps Down as CEO
On November 8, 2017, Panera Bread founder Ron Shaich announced his resignation as CEO, with Blaine Hurst taking over. Shaich continued as chairman of the company.
2018-01
Menu Free of Artificial Ingredients
In January 2017, Panera Bread declared that its food menu would be free of artificial colors, flavors, sweeteners, and preservatives. This move aimed to provide healthier options to customers.
2019-03
Panera Class Action Lawsuit for False Advertising
In March 2019, Plaintiff Brianna Tabler filed a class action lawsuit in California against Panera, accusing the company of false advertising and fraud by not disclosing the presence of synthetic biocide glyphosate in their products. Despite Panera's claims of using natural ingredients, Tabler argued otherwise.
2019-10
Dismissal of Panera Class Action Lawsuit
In October 2019, Judge Lucy Koh granted a motion to dismiss the class action lawsuit filed by Brianna Tabler against Panera. However, Tabler later filed an amended complaint in November 2019, leading to further legal proceedings.
2020-07-30
Closure of Panera Class Action Lawsuit
On July 30, 2020, Brianna Tabler filed a motion to voluntarily dismiss the class action lawsuit against Panera, effectively closing the case that involved allegations of false advertising and fraud.
2020-10-28
Panera adds pizza to menu
On October 28, 2020, Panera announced the addition of pizza to their menu to provide more dinner options for customers.
2021-08-25
Panera merges with Caribou Coffee and Einstein Bros. Bagels
In August 2021, Panera announced a merger with Caribou Coffee and Einstein Bros. Bagels, forming Panera Brands.
2022-09-10
Sarah Katz's Death After Consuming Panera Charged Lemonade
On September 10, 2022, Sarah Katz, a student, died after consuming a 'supercharged' lemonade drink from Panera with high caffeine content. Her death led to a lawsuit against Panera for misleading labeling and description of the drink.
2023-10
Panera Charged Lemonade Labeling Changes
In October 2023, following a lawsuit over a death related to Panera's Charged Lemonade, the company changed the labeling of the drink to include caffeine content warnings and the need for moderation.
2023-12
Second Death Linked to Panera Charged Lemonade
In December 2023, Dennis Brown died after consuming Panera's Charged Lemonade, becoming the second reported death linked to the drink. The incident raised concerns about the safety of the beverage.
2024-03-23
Panera Bread Nationwide System Outage
On March 23, 2024, Panera Bread experienced a nation-wide system outage that affected its website, mobile app, and internal systems. Employees faced issues with viewing schedules, tracking inventory and orders, and monitoring hours worked. Customers were unable to redeem coupons and rewards due to 'essential maintenance and enhancements' being performed.
2024-03-26
Restoration of Panera Bread Online Systems
Starting on March 26, 2024, Panera's online systems began slowly becoming available to employees and customers after the nation-wide system outage. This gradual recovery allowed for smoother operations within the company.
2024-03-27
Full Recovery of Panera Bread Systems
By March 27, 2024, all systems at Panera Bread appeared to be functioning normally after the recent nation-wide system outage. Operations resumed without any major disruptions.
End of the Timeline
Panera Bread

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Panera Bread

American bakery-café chain store
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