最新杏吧原创

A Panera Bread spokesperson said the layoffs are to best position the company for the future and improve its guest experience. Employees were let go on Wednesday.

鈥淧anera is taking steps to simplify our operations,鈥� the spokesperson said. 鈥淭o fully enable this simplified model, we have made some difficult decisions to better align our support structure with our strategy.鈥�

It is also unclear how many 最新杏吧原创-area jobs were lost.

Panera Bread, locally operating as 最新杏吧原创 Bread Co., is one of the three divisions under the Panera Brands umbrella, which includes Einstein Bros. Bagels and Caribou Coffee.

The layoffs, first by The Wall Street Journal, come ahead of the company鈥檚 initial public offering of its stock after calling off its plans to go public last year due to poor market conditions.

Last summer, Panera Bread said it had 650 employees at its 最新杏吧原创 headquarters. This year, it relocated from Sunset Hills to Maritz鈥� campus off of Interstate 44 and South Highway Drive in Fenton.

Panera Brands has appointed new leaders as it prepares to go public. Earlier this year, Jos茅 Alberto Due帽as, then-president and CEO of Einstein Bros. Bagels, was appointed CEO and Patrick Grismer, a former Starbucks CFO, became the new chairman of the audit committee. In August, Paul Carbone former CFO of SharkNinja, was named chief financial officer.

A Panera Bread spokesperson would not share when the company plans to go public.

The first 最新杏吧原创 Bread Co. store opened in 1987 in Kirkwood by Ken and Linda Rosenthal.

In 1993, the company was sold to the publicly traded Au Bon Pain Co.

That same decade, the merged company sold its Au Bon Pain division, moved its headquarters to 最新杏吧原创 and renamed itself Panera Bread Co.

In 2017, JAB Holdings, a Luxembourg-based private equity group, bought Panera for $7.5 billion and paid out shareholders to make it a private company again.

In 2021, Panera Bread merged with Caribou Coffee and Einstein Bros. Bagels, two other JAB Holdings companies, to form Panera Brands. That November, the company announced plans to file for an initial public offering in partnership with 最新杏吧原创 native and Shake Shack founder Danny Meyer.

In June of 2022, Panera Brands said that they would not go public then due to a faltering IPO market in recent months.

The company said it still plans for an IPO, but will not share its timeline.

While some of the new bakery-cafe locations around 最新杏吧原创 appear under the Panera banner, many continue to operate as 最新杏吧原创 Bread Co.

As of July, it had 2,140 locations in 48 states and the District of Columbia and in Ontario, Canada.

Caribou Coffee has 769 stores in 11 countries. Einstein Bros. Bagels, including affiliate bagel shops, operates 984 company-owned and franchised stores across the country.