TMTM
Panera Bread
Joel Carillet/istockphoto

Panera Merging With Two Other Fast-Casual Brands

Panera Bread is already one of the most dominant fast-casual restaurants in the country, and an unexpected merger means it's getting even bigger. The company is joining with Einstein Bros. Bagels and Caribou Coffee to form a breakfast-focused juggernaut called Panera Brands, executives have announced.


Related: The Unhealthiest Fast Food Breakfasts 


Panera already has more than 2,100 locations across the country. Einstein Bros. has more than 1,000, while Caribou has more than 700. Together, the chains will employ more than 110,000 workers in 10 countries, reports The Takeout. 


“We believe Panera Bread, Caribou Coffee and Einstein Bros. Bagels together will leverage each company’s unique expertise and services to build an unrivaled fast casual platform with a tremendous runway for growth," Niren Chaudhary, CEO of Panera Bread and the new CEO of Panera Brands, said in a statement


Like many chains, Panera has been redesigning its restaurants and bolstering takeout and delivery options after the pandemic shifted diners' preferences. New restaurants emphasize drive-thrus, computerized menus, contactless ordering, and other streamlined features, reports CNN.  


Related: Ways the Pandemic May Change Dining Out Forever


Live Well For Less

Behind every budget is a bucket list. From travel, food and lifestyle to product reviews and deals, we’re here to show you how to save and what’s worth saving for.

Cheapism in the News
msn
today
nytimes
cnbc
newyorker
cbs