Panera Bread Company is the widely acclaimed bakery/café, which operates in the fast casual food restaurant industry. It was originally founded in 1981 by Louis Kane and Ron Schaich, as Au Bon Pain Company with several chains. In 1993, Au Bon Pain Company purchased Saint Louis Bread Company, which is located in St. Louis Area. In 1999, the founders sold Au Bon Pain Company and renamed it as Panera Bread. Currently, the company owns 1,845 franchise stores in 45 states in United States and in Ontario
one or more desirable business goals.” (Business Dictionary). For Panera, important factors in accomplishing business success is providing good food in a timely manner, providing a customer “experience” that is positive and providing value. This is standard across the specialty food /fast casual food places. Panera strove to make itself a recognizable brand name across America. Panera used their platform using their artisan breads and baked goods to create an identity and built on that to create
SYNOPSIS Although Panera Bread did not get its name until officially come into existence until 1999, the company actually had its beginning almost 23 years earlier, in 1976, in Boston, Massachusetts. That is when according to Wheelen, Hunger, Hoffman, & Bamford (2014) (as cited in Vincelette & Fogarty, 2014, p. 16-2) “French oven manufacturer Pavailler opened the first Au Bon Pain.” A couple years later, in 1978, a venture capitalist by the name of Louis Kane saw the potential in Au Bon Pain and
Panera Bread Company (2010) Still Rising Fortunes? Synopsis In 1976 Frenchman Pavailler, opened the Au Bon Pain bakery in Boston. In 1978, the business was purchased by venture capitalist Louis Kane who recognized the bakery’s growth potential and between 1978 and 1981, he opened 13 additional stores. Only three stores survived and Kane found himself $3 million in debt and on the verge of bankruptcy until Ronald Shaich became his business partner. In 1981 Shaich and Kane merged their two respective
and opportunities. Additionally, there is a need of bird eye for industry interruption to become a leader ( Jim Welch, Bill Althaus, 2007). One of the pioneer of restaurant industry is Panera Bread. Factors contributing to its unique position in the restaurant industry are : 1. Great observing power - Panera Bread brought about an industry disturbance in the casual and easy going restaurant industry. They observed that customer had new choices, that they require control, good, quick services and
Introduction Pret a Manger is a fast food chain based in the UK. The first shop called Pret a Manger was opened in Hampstead, London, United Kingdom, in 1984 by Jeffrey Hyman. Company liquidator David Rubin sold it to college friends Sinclair Beecham and Julian Metcalfe. Beecham and Metcalfe had little business experience. Their company claims they "created the sort of food they craved but could not find anywhere else." They opened their first branch near Victoria Station, London. In 2001, McDonald's
We fill our lives with places are placeless. They hold no deeper meaning. Wilfred McClay attempts to describe place versus placelessness in his essay The Particularities of Place. McClay describes place as “a setting charged with human meaning” (35) while describing space or placelessness as a setting where “that meaning has departed” (35). This is powerful and moving. It shows that for a place