Panera Bread sold for $7.5 billion to company that owns Keurig, Krispy Kreme
The future plan for the 2,000 bakery cafes owned by chain.
ST. LOUIS, Mo. (WDRB) -- Panera Bread is being sold to the company that controls Krispy Kreme, Keurig and many other recognizable brands.
The investment group JAB cut a deal to buy the St. Louis-based Panera for an estimated $7.5 billion. The deal would take the company private. And it includes taking on the bakery's debt in a plan to expand the chain's coffee and breakfast empire.
JAB already owns or has controlling interest in companies including Krispy Kreme Doughnuts, K-cup coffee pod-maker Keurig Green Mountain Inc., Coty cosmetics and luxury goods maker Jimmy Choo.
Panera has 2,000 bakery cafes in the U. S.
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