St. Louis — Panera Brands Inc., which includes the fast-casual and hospitality brand Panera Bread as well as Einstein Bros. Bagels and Caribou Coffee, has established its next generation of CEO leadership and board governance in preparation for its eventual IPO. Current CEO Niren Chaudhary will become chairman of Panera Brands, handing the CEO reins to José Alberto Dueñas, currently president and CEO of Einstein Bros. Bagels, effective July 1, 2023. Former Starbucks CFO and independent director Patrick Grismer will become chairman of the audit committee. Over the last 4 …
caribou coffee
Minneapolis — Caribou Coffee®, a national premium coffeehouse and Panera Brands company, has signed several multi-unit development agreements to franchise more than 300 new locations domestically. Caribou Coffee expanded its franchise program in October 2021, marking the first time interested candidates had an opportunity to own and operate traditional franchise locations in the United States. In March 2022, Caribou Coffee announced the signing of its first multi-unit development agreement with Mike Mariola Restaurants to franchise locations in Ohio. Mariola and his team opened their first Caribou Coffee location on November …
Minneapolis — Caribou Coffee®, a global premium coffeehouse and Panera Brands company, is celebrating 30 years of business this month. Founders John and Kim Puckett opened the doors of the first Caribou Coffee in Edina, Minn., on Dec. 14, 1992. What started as a dream of two young entrepreneurs has now transformed into a beloved brand and is currently one of the nation’s largest coffee chains with over 400 coffeehouses throughout the U.S. “As Caribou reflects on its 30 years of business, we’re proud to celebrate the successes achieved throughout …
Minneapolis — Caribou Coffee®, a national premium coffeehouse and Panera Brands company, has opened its first-ever domestic franchise location. Located in Wooster, Ohio, the grand opening on Nov. 17 marked a significant milestone for Caribou Coffee since announcing its domestic franchise program in October 2021. Earlier this year, Caribou Coffee announced its first multi-unit agreement with franchisee Mike Mariola, who intends to develop locations in the Columbus, Dayton and Cincinnati markets. “We’ve been anticipating the day when we could welcome guests to Caribou’s first U.S.-based franchise location,” says Matthew Walls, …
St. Louis — Panera Bread has opened the first of its new updated urban store format in New York, the newest of several new formats targeted at more densely populated and non-traditional trade areas. With digital sales at Panera now representing 50% of total system sales, Panera now offers a portfolio of store formats designed to cater to the needs of an increasingly digital and off-premise guest. “At Panera, our innovation has always been rooted in the guest and associate experience, how we can reduce friction, drive convenience and bring …
St. Louis — On Aug. 29, 2022, Panera Bread began testing AI technology in drive-thru lanes with an aim to improve and enhance the guest experience. With support from OpenCity, select Panera bakery-cafes in the greater Rochester, N.Y., area have implemented OpenCity’s proprietary voice AI ordering technology, called “Tori,” for drive-thru orders, with the goal of maximizing efficiency and increasing speed of orders. Guests at Panera Bread cafes in Greece, N.Y., and Webster, N.Y., are the first Panera locations to experience this drive-thru innovation. Tori is installed at these select …
St. Louis — Panera Brands Inc., whose brands include Panera Bread, Caribou Coffee and Einstein Bros. Brands, has appointed Konrad Meyer as chief financial officer, effective August 22, 2022. Meyer joins Panera Brands from JAB, where he has been a partner helping to source and oversee its investments, including its fast-casual restaurant portfolio. He brings significant experience in the industry, including previously serving as interim CFO of Pret a Manger. Ted Stedem, current Panera Brands CFO, is stepping down from his role to pursue other interests after supporting the company …
Minneapolis — Caribou Coffee®, a national premium coffeehouse and Panera Brands portfolio concept, has launched its domestic franchise program. Since its inception in 1992, Caribou Coffee has grown to more than 718 locations systemwide including 314 company-owned coffeehouses primarily across the Midwest. Caribou Coffee’s domestic franchise launch marks the first time interested candidates in the U.S. have an opportunity to own and operate coffeehouses which were previously only available internationally, through non-traditional or licensing. Industry-leading innovations in restaurant design have further positioned Caribou Coffee for nationwide expansion, including the 2019 …
Minneapolis — Alissa Partee has joined Restaurant Technologies as chief people officer. Her role at Restaurant Technologies, the top provider of foodservice cooking oil and hood and flue management solutions, will be to lead human resources and expand upon the company’s exceptional and growing talent base. In addition, she will oversee learning and development, diversity and inclusion, HR technology and total rewards. Partee’s arrival follows the successful acquisitions of AutoMist and Grease Lock and an expanded employee base. The company now has 41 depots and more than 1,000 team members …
Dallas — Le Duff America, the Dallas-based parent company of la Madeleine French Bakery & Cafe, has nearly completed the brand’s refranchising initiative it announced in March and is focusing on companywide expansion, including the U.S. launch of the global cafe brand Brioche Doree.