As of March 26, 2019, there were 2,130 bakery-cafes in 48 states and in Ontario, Canada, operating under the Panera Bread or Saint Louis Bread Co. names. A. When theres a storm thats raging, step back and say, How can I harness the fury of the storm by building a windmill of opportunity? A year later, Panera is profitable again, Chaudhary said. The creation of Panera Brands enables us to work smarter together, and drive greater impact for our teams, guests and communities., At Einstein Bros. Bagels, our relentless focus on delivering the most craveable breakfast experience for our guests and our efforts to transform the business during 2020 allowed us to come out of the pandemic as a stronger, more profitable, and more nimble company, said Jos Alberto Dueas, CEO of Einstein Bros. Bagels. Chaudhary __ who joined the company in 2019 after a career at Yum Brands and Krispy Kreme __ said it was a frightening but invigorating time, with no playbook to follow. Related: Panera launches drive-thru pickup nationally. An Unlimited Sip Club subscription lets you order the following drinks once every two hours, including unlimited refills: drip hot coffee, iced coffee, hot tea, fountain soda beverages, bubbler drinks (regular, sweet and passion papaya green iced teas and agave lemonade) and Charged Lemonade beverages (fuji apple cranberry, mango citrus yuzu and strawberry lemon mint). I am so proud of the Panera brand, the people, our food and the experience we provide to customers and associates every day. This website uses cookies to improve your experience while you navigate through the website. Promotions are subject to availability and retailer terms. ", "Im truly honored to have the opportunity to lead the phenomenal group of people at Panera Brands and be part of what is undoubtedly one of the most iconic brands in food," said Mr. Dueas. The new group includes more than 4,000 fast-casual restaurants. A. Panera, as we know and love, we want to maintain that. An executive said the global Youth Council will be launched later this year, but an exact timeline has not been provided. To that effect, we are excited that Blaine has agreed to join JAB to help accelerate the technology transformation of our other food portfolio brands such as Pret a Manger. But a month after the service launched, the coronavirus struck. This photo provided by Panera Bread shows Niren Chaudhary, CEO Panera Bread. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Customer interactions have changed. Q. I would remind myself, Dont worry about how long this will last or whats going to happen. While Chaudhary, the CEO of Panera Bread, will lead Panera Brands, John Butcher, CEO of Caribou, and Jose Alberto Duenas, the CEO of Einstein Bros., will retain their roles and report to Chaudhary. View source version on businesswire.com: https://www.businesswire.com/news/home/20230522005749/en/, Panera BrandsJess HesselschwerdtJessica.Hesselschwerdt@panerabread.com, H/Advisors Abernathyamg-panera@h-advisors.global, https://www.businesswire.com/news/home/20230522005749/en/, Cambodia's Hun Sen kicks off campaign for virtually unopposed election, Chinese military delegation visited UK, France - ministry, Iowa auditor says new law will restrict his office's access to information, Japan says Russian warships spotted near Taiwan, Okinawa islands, As if air travel isn't hard enough, 5G wireless signals could disrupt flights starting this weekend. Analytical cookies are used to understand how visitors interact with the website. LOUIS, April 26, 2019 /PRNewswire/ -- Panera Bread ("Panera" or "the Company") today announced that it has appointed Niren Chaudhary as President and Chief Executive Officer, succeeding. In late 2017, Panera acquired Au Bon Pain Holding Co. Inc., parent company of the 304-unit Au Bon Pain bakery-caf chain. Panera Bread, with more than 2,100 bakery-cafes is a pioneer and market leader in fast casual with leadership in the quality of its clean, transparent, sustainable ingredients, and in omnichannel access, digital convenience (45% of sales are e-commerce) and engagement (44MM MyPanera loyalty members). Insider Q&A: Panera Bread CEO Niren Chaudhary | AP News The subscription does not include bottled beverages, smoothies, frozen blended drinks, cold brew iced coffee or espresso and cappuccino beverages. Panera. CEO Niren Chaudhary Employees 10,000 . Q. During the pandemic Panera Bread successfully pivoted to more off-premise and digital access and has rapidly innovated with new offerings such as its disruptive coffee subscription program and the exciting Flatbread Pizza launch, demonstrating the power of its highly leverageable best-in-class asset base. Panera Bread this week launched a new promotion that melds its consumer-packaged goods business with its in-restaurant offerings. Panera Bread is a pioneer and market leader in fast casual, with leadership in the quality of its clean, transparent, sustainable ingredients, and in omnichannel access, digital convenience (45% of sales are e-commerce) and engagement (44MM MyPanera loyalty members). More and more companies are going to innovate on that. Chaudhary had been the chief operating officer and president of Krispy Kreme International since 2017. Marlene Gordon Chief Legal Officer and Secretary, Panera Bread and Panera Brands. The cookies is used to store the user consent for the cookies in the category "Necessary". Panera I was the CEO of a public company for more than 26 years -- that's longer than Cal Ripken, Jr., played baseball. Texas restaurants urge consumers not to be scared off by a heat wave, This restaurant closes for 4 weeks every year to give its workers a vacation, Smokey Bones to trim menu, sharpen service under new president, 117 chefs share their secrets to running a successful kitchen and restaurant, Independent restaurants contend with a new inflationary problem: Climbing rents. Panera Bread has 140,000 employees, of which 31 are in a leadership position. Worry about what you can do at Panera. The second thing that gave me and the team emotional strength was leading with heart. Panera Bread Co. thought its coffee subscription plan was going to be one of its biggest changes in 2020. But in October, you added a completely new product: flatbread pizzas. Q. The deal takes the restaurant group's Panera Bread portfolio to 90 outlets across six US states and follows a deal in May 2023 to open 24 Caribou Coffee locations in Missouri. Calls for the Biden administration to use the Higher Education Act to continue loan forgiveness were made after the Supreme Court struck down his plan for student debt relief. Founded in 1980, Panera Bread is an American chain store of bakery-caf fast casual restaurants. Panera operates about 2,100 restaurants around the country. The pact sent reverberations throughout the fast-growing fast-casual industry segment, impacting 110,000 employees across 10 countries. Each night, any unsold bread and baked goods were shared with neighbors in need. Panera Bread CEO And Leadership: Executives and Demographics Panera said it is in a unique position to market its CPG and restaurant offerings side-by-side in this way, since its MyPanera loyalty program now has more than 50 million members, and it has built a diverse CPG offering. Copyright 2023 The Washington Times, LLC. Five weeks before actor Jonathan Majors is set to face trial in New York for misdemeanor assault charges, a new report in Rolling Stone magazine alleges Majors had a pattern of physical and emotional abuse over a roughly 10-year period. One is resilience. A panel of judges concluded that he abused his power and cast unfounded doubts on the country's electronic voting system. Eighty-five percent now get carryout or delivery, compared to 40% before the pandemic. Panera Bread Founder Ron Shaich to Step Down as CEO - WSJ But in October, you added a completely new product: flatbread pizzas. What are some of the things this past year has taught you? Together as Panera Brands, we are united by our common values and shared belief that we can be force multipliers for good. These qualities make him perfectly suited to lead Panera into the next phase of global growth in the US and abroad, while maintaining its mission of doing good in the world and serving food as it should be. You will have, maybe, two drive-thru lanes, one for preorder and pickup. But it will be a smaller version. Distribution and use of this material are governed by Mr. Dueas, since becoming President and CEO of Einstein Bros. Bagels in 2019, has led a strategic transformation by focusing the business on winning breakfast and creating a culture that champions the General Managers as the organizations most important leaders. CBS Essentials is created independently of the CBS News editorial staff. We believe Panera Bread, Caribou Coffee, and Einstein Bros. Bagels together will leverage each companys unique expertise and services to build an unrivaled fast casual platform with a tremendous runway for growth, said Niren Chaudhary, who was appointed group CEO of Panera Brands, in a press release. When theres a storm thats raging, step back and say, How can I harness the fury of the storm by building a windmill of opportunity? Jeff Van Gundy, Jalen Rose and Keyshawn Johnson were among the list of roughly 20 staffers who lost their jobs. Panera Bread Co., the fast-casual restaurant chain known locally as Saint Louis Bread Co., has hired a Krispy Kreme International executive as its next president and CEO. Panera Unlimited Sip Club. A. I think first and foremost, health and safety for our associates and our customers and tangible proof points in the cafe that they are safe will be an ongoing requirement. If you want to remain a member of Unlimited Sip Club, your card will be charged $11.99 per month for unlimited drinks thereafter. This photo provided by Panera Bread shows Niren Chaudhary, CEO Panera Bread. At age 27 and a only few years removed from Harvard Business School, Shaich (pronounced 'shake') opened a cookie store in Boston . As smoky as the summer has been so far, scientists say it will likely be worse in future years because of climate change. After enjoying a pandemic boom, delivery-only restaurant concepts are starting to crack. Panera Bread - Home - Facebook Meta's president of global affairs Nick Clegg described it as "part of a wider ethos of openness, transparency and accountability." Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Donald Santini had been on the run since June 1984, when Florida authorities obtained an arrest warrant linking him to the strangling death of Cynthia Wood. Plaintiffs accuse OpenAI of using stolen data and posing "potentially catastrophic risk to humanity.". The company operates as Saint Louis Bread Company in the Greater St. Louis area, where it has over 100 locations. The appointment of Mr. Grismer is in line with JABs philosophy, as a long-term anchor shareholder, to establish a best-in-class independent public Board framework overseen by industry-leading executives. Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. LOUIS - April 26, 2019 - Panera Bread ("Panera" or "the Company") today announced that it has appointed Niren Chaudhary as President and Chief Executive Officer, succeeding Blaine Hurst who is retiring from his current role as CEO of Panera effective May 23, 2019. our Subscriber Agreement and by copyright law. Subscribe to The Food Institute Newsletters to enjoy more quality content like this delivered to your inbox. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? Panera offers a wide array of pastries and baked goods, such as bagels, brownies, cookies, croissants, muffins, and scones. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. But a month after the service launched, the coronavirus struck. More than half of our sales __ $2 billion __ is now coming through e-commerce. Please enter valid email address to continue. If you've walked into a swarm of bugs in New York City recently you're not alone. Management Bios | Panera Bread .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Hotels.com Coupon Code - 10% OFF Hotels, Vacations, Getaways, 10% Off In-App bookings - Hotwire Coupon Code, Up to 40% off Middle East hotels - Barcelo promo code, Booking.com promo: Book world's best pet-friendly hotels, Expedia July Sale - Save 20% or more on hotels. Jun 28, 2023. What are some of the things this past year has taught you? When things appear to be overwhelmingly complicated and difficult, the importance of focusing maniacally on only what you can do and not on the noise of whats happening around you is terribly empowering. More than half of our sales __ $2 billion __ is now coming through e-commerce. Sign up for Panera's Unlimited Sip Cluband you'll get two months of unlimited drinks for free. Panera Bread terminates SPAC deal with Danny Meyer's - CNBC That means crafting a menu of soups, salads and sandwiches that we are proud to feed our families. What started as one 400-square-foot cookie store in Boston has grown into a company with more than 2,300 units, nearly $6 billion in system-wide sales, and over 100,000 associates. Niren Chaudhary Niren Chaudhary Panera Bread CEO Rating Panera Bread's CEO, Niren Chaudhary, has 1460 employee ratings and a score of 51/100, placing them in the Bottom 5% of similar size companies on Comparably with 10,000+ Employees. But opting out of some of these cookies may affect your browsing experience. Limited to one self-serve drink every two hours . Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. No short cuts, just bakers with simple ingredients and hot ovens. Xylazine, an animal tranquilizer also known as "tranq," was detected in more than 1 in 10 fentanyl deaths across 20 states and D.C. The cookie is used to store the user consent for the cookies in the category "Performance". The second irreversible trend is the desire for ongoing convenience. CBS News' Meg Oliver has more. The subscription program mimics an upgraded loyalty program, with other perks like $0 delivery fee on all online Panera orders and Sip Club Saturday deals just for members, along with VIP challenges and prizes. Amelia Lucas @Thxamelian Share Key Points Panera Bread is preparing to go public again through an initial public offering. Panera Bread expands rewards program to grocery CPG Even if we did tough things, do it with compassion, with empathy and with respect. A. Panera Brands generated more than $4.8 billion in revenue in fiscal year 2022. Panera Bread with CEO Niren Chaudhary at the helm quickly emerged as an industry leader in leveraging technology for consumer needs at this challenging time. Panera also increased its pace of innovation, strengthened franchisee partnerships and led the creation of a strong, people-first culture, resulting in industry-leading retention rates for GMs and associates, earning Black Box Intelligences Employer of Choice Award in 2022. Masks, social distancing and some of that might change. Panera Bread Co. operates retail bakery cafes under the trade names of Panera Bread, Saint Louis Bread Co. and Paradise Bakery & Cafe. Panera Bread Co. thought its coffee subscription plan was going to be one of its biggest changes in 2020. By Connor Hart. It does not store any personal data. This is just the latest feature Panera Bread has added to its portfolio of options for its most loyal fans. With nearly 4,000 locations and 110,000 employees across 10 countries, Panera Brands is one of the largest and most vibrant fast casual companies in the world. Worry about what you can do at Panera. The second thing that gave me and the team emotional strength was leading with heart. More and more companies are going to innovate on that. So that is the reason it made sense. What are some of the changes Panera made that are likely to remain even after the pandemic eases? Panera Grocery Rewards will be promoted via a robust marketing campaign that includes emails to MyPanera members, paid media across Metas platforms, in-grocery advertising around the country and a national partnership with more than 2,500 Planet Fitness gyms, the company said. Virgin Galactic successfully completed its first flight with paying customers Thursday. In the pandemic, off-premise is where the tailwinds are. When theres a storm thats raging, step back and say, How can I harness the fury of the storm by building a windmill of opportunity? However, we will redesign it for greater off-premise convenience. , . Some reasonable limits apply: Unlimited Sip Club doesn't include frozen drinks or fancy crafted coffee beverages, and there's an upcharge if you want to add a shot of espresso or flavor syrup. Panera Brands brings together three iconic brands in fast casual: Panera Bread, the pioneer and market leader in fast casual, Caribou Coffee, a beloved regional coffeehouse, and Einstein Bros. Bagels, the industry leader in bagels and bagel sandwiches. What was the thinking behind that? Panera Bread Co. thought its coffee subscription plan was going to be one of its biggest changes in 2020. So that is the reason it made sense. Lines and paragraphs break automatically. Warning signs along Republicans road to the White House, Bidens spineless diplomacy: Comic relief and appeasement. In the pandemic, off-premise is where the tailwinds are. Majors has repeatedly denied abuse allegations. Hamra Enterprises acquires 24 new Panera Bread stores Mr. Grismer joined the Board in 2022 following a 36-year career in finance, including nine years as a public company CFO at Starbucks, Hyatt Hotels, and Yum! "Niren is a recognized industry leader . Panera Bread adds a grocery rewards program to loyalty portfolio The coffee service __ which offers unlimited coffee for $8.99 per month __ has 500,000 subscribers. However, we will redesign it for greater off-premise convenience. ST. LOUIS, May 23, 2023--(BUSINESS WIRE)--Panera Brands Inc., which includes the iconic fast casual and hospitality brand Panera Bread as well as Einstein Bros. Bagels and Caribou Coffee, today announced the establishment of its next generation of CEO leadership and Board governance in preparation for its eventual IPO. ". Q. It has rehired all its workers and is looking for more. Chaudhary watched half of Paneras sales evaporate within a week and said it was a frightening but invigorating time, with no playbook to follow. Panera Bread Co. thought its coffee subscription plan was going to be one of its biggest changes in 2020. As climate change continues, researchers are working to develop a peach that will be more resilient to warmer weather. Like a lot of restaurants, Panera streamlined its menu early in the pandemic to save money. Shoppers who spend $20 on Panera-branded grocery items, including salad dressings and mac & cheese, can get a $5 electronic gift card to use at the fast-casual brand's restaurants. Campaigning for Cambodias general election has officially begun. You'll pay nothing if you cancel by the end of your first two months. Konrad Meyer Chief Financial Officer, Panera Brands. This cookie is set by GDPR Cookie Consent plugin. These traditions carry on today, as we have continued to find ways to be an ally for wellness to our guests. The police workers had been captured in the Mexican state of Chiapas by gunmen in several vans that intercepted a police transport truck. The Associated Press is an independent global news organization dedicated to factual reporting. And a commitment to removing or not using artificial additives (preservatives, sweeteners, flavors, and colors from artificial sources on our No No list) in the food in our bakery-cafes. Chaudhary struck deals with CVS and Walmart, who agreed to temporarily hire the 35,000 employees Panera was forced to furlough. Milk, skim milk, almond milk, half and half, and sweetener additions are included in the subscription. If you've ever been on #GutTok, the popular corner of TikTok dedicated to gut health, chances are you've heard people talk about "leaky gut syndrome." Former Starbucks CFO and Independent Director Patrick Grismer will become Chairman of the Audit Committee. Like a lot of restaurants, Panera streamlined its menu early in the pandemic to save money. This photo provided by Panera Bread shows Niren Chaudhary, CEO Panera Bread. "It has been an honor to lead Panera Brands during such a transformative time for our company," said Mr. Chaudhary. These cookies will be stored in your browser only with your consent. Panera Brands companies are united in their mission to be force multipliers for good for their guests, communities, the planet, and the shareholders they serve. Managing editor Fox Van Allen is an expert in tech, laptops and computers, toys and video games for CBS Essentials. Liked by Niren Chaudhary Very excited to rejoin Lewis L. (Lee) Bird III and the fantastic At Home Group Inc. team! Will the popularity of off-premise dining change the way Panera designs its stores? Caribou Coffee is proud to be closing out the first half of 2021 stronger than ever, said John Butcher, CEO of Caribou Coffee. Will the popularity of off-premise dining change the way Panera designs its stores?