![]() ![]() Then the same company, which renamed itself Panera Bread, reacquired Au Bon Pain in 2017, converting many of the bakeries to Panera locations. That company sold off the Au Bon Pain unit in 1999. Au Bon Pain bought Panera’s predecessor, St. This marks the second time Panera has sold Au Bon Pain. If the plan succeeds and the existing cafés are reopened and performing well, Ampex plans on expand their efforts, beginning with the corporate-owned locations. The company will initially focus on Au Bon Pain’s existing locations in its key markets in the Northeast and mid-Atlantic, according to a statement. “Smaller footprints with less dine-in seating are the future of fast-casual dining,” Garza said.Īcquiring Au Bon Pain marks the first time Ampex Brands will take on the role of the franchisor, rather than the franchisee. She added that the company sees opportunity in its “nontraditional locations” including airports, universities and hospitals. “The US is reopening, and our markets are coming back to life,” Ericka Garza, Au Bon Pain’s brand president, said. READ MORE: Vine Street Community Center Gym Renamed As Tribute To Terrence ClarkeĮven before the pandemic, fast-casual dining locations struggled to bring in customers, and this news comes as casual dining chains - known for table service, dining rooms and long menus - attempt to make a post-pandemic comeback. ![]() “The bakery café category will rebound, and Au Bon Pain is well-positioned to grow,” Ampex CEO Tabbassum Mumtaz said in a press release. Instead, many people had been eating breakfast at home.īut that could soon change as a growing number of people get vaccinated and kids return to school. Millions of commuters have been working at home, forgoing bakeries on their way to the office. There are still eight Au Bon Pain cafes in Boston, including hospital locations and at South Station.Īu Bon Pain’s new owner said the acquisition is a sign that the fast-casual-breakfast restaurant business is rebounding as America emerges from a devastating pandemic. Ave BridgeĪu Bon Pain was founded in Boston and had its headquarters in the Seaport. READ MORE: MassDOT Trying Out Bigger Bike Lanes On Mass. The deal was finalized Tuesday, but the companies did not disclose terms. Panera, which purchased Au Bon Pain in 2017, will sell all 171 of Au Bon Pain’s locations and will allow Ampex to franchise 131 additional locations. (CBS/CNN) - Ampex Brands - a franchisee that owns more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven locations - is buying Au Bon Pain. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |