Panera Bread Case Study: Rising Prospects?

Executive Synopsis:

In 93, AU Excellent Pain Firm purchased the Saint Paillette Bread Firm. In 95, top administration at Au Bon Soreness instituted a comprehensive overhaul of the newly-acquired Saint Louis Loaf of bread locations. The overhaul included altering the menu and the dining atmosphere. The vision was to build a specialty coffeehouse anchored by an authentic, fresh-dough artisan food handling business and high end quick-service menu selections. This acquisition demonstrated successful for Au Excellent Pain. Between 1993 and 1997, normal unit amounts at the renewed locations increased by 73% and over 75 additional locations were opened up. In 97, the bakery-cafes were renamed Panera bread in markets outside of Street Louis. The Panera business plan had worked well and managing concluded completely broad market appeal and could be rolled out nationwide. The management staff quickly understood the potential of Panera Bread to flourish as one of the leading fast-casual restaurant chains in the nation. With this realization came the need for a more centered management crew and better financial resources. It had been not within their best interest to stay with both Au Bon Discomfort and Panera Bread. Over 10 years ago, they travelled exclusively with Panera Bread and sold their Au Bon Pain bakery-cafe department. After the revenue transaction to ABP Firm was finish, the new Panera Bread Business was remodeled and had 180 St Louis Bread and Panera Loaf of bread bakery-cafes and a debt-free balance sheet. As of December twenty nine, 2001, the business had 95 company-operated bakery-cafes, 10 bakery-cafes operated as a joint venture through a 90%-owned indirect subsidiary, for the total of 110 company-owned bakery-cafes, and 259 franchise-operated bakery-cafes. The organization specializes in appointment four buyer dining through providing top quality food, including fresh baked goods, made-to-order casse-cro?te on newly baked breads, soups, salads, custom and other cafe drinks, and objectives suburban dwellers...

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