JAB Holdings, the owner of Caribou Coffee and Krispy Kreme Doughnuts, is buying the Panera Bread chain for $7.2 billion. Expanding its coffee and breakfast empire through the biggest-ever U.S. restaurant deal.
Panera has about 2,000 bakery cafes in the US.
Panera has been ramping up its loyalty program, rolling out kiosks to cut customers’ waiting times and has expanding its delivery service.
The deal is expected to finalize sometime in the 3rd quarter…
VERSE: “Let everything that has breath praise the LORD” Psalm 150
QUOTE: “A person who loves his job, will never work a day in his life.”
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