A comprehensive research report created through extensive primary research inputs from industry experts, companies, stakeholders and secondary research, the report suggests that the Global Food Service Market is projected to display a vigorous growth represented by a CAGR of 7. The Full service restaurant have been leading the market in historical period but quick service along with fast casual will be the fastest growing segment in the forecasted period.
The stock soared on Monday as rumors surfaced that Panera was in merger talks. In a statement Wednesday, Panera and JAB said they hope the deal would close in the third quarter of this year. Panera founder and CEO Ron Shaich said in the statement that selling to JAB would allow Panera to increase its investments in its digital and mobile ordering technology as well as increase its focus on using healthier ingredients.
JAB partner and CEO Olivier Goudet added that he and the rest of his team "strongly support Panera's vision for the future, strategic initiatives, culture of innovation, and balanced company versus franchise store mix.
Is your favorite restaurant about to get taken over? Panera has been a star of the so-called fast casual restaurant industry over the past few years, reporting strong sales and profits.
To that end, the company also said Wednesday that same-store sales at its restaurants although Panera calls them "bakery-cafes" rose a healthy 5.
Some have argued that Panera, which now has more than 2, restaurants in the United States and Canada, has even taken over the title as the leader of the rapidly growing fast casual segment from Chipotle CMG. The burrito chain stumbled due to an outbreak of E. Chipotle's sales still haven't fully recovered.
It is interesting that Panera is agreeing to be taken over since it's doing well. But the company has picked a partner that is rapidly emerging as a big player in the U. JAB also owns a big stake in a fair number of non-food brands, such as shoe and handbag company Jimmy Choo, beauty products maker Coty and Reckitt Benckiser, the company behind Lysol, Woolite and the Durex brand of condoms.
Chipotle's E, coli woes might not be over The Panera-JAB deal may also put more pressure on other restaurant chains to look for bigger partners as well. If Panera, which actually has been thriving, decided to sell out, then how can less successful restaurant chains continue to go it alone?
There already has been a flurry of restaurant mergers lately.
Popular sandwich chain Jimmy John's sold a majority stake last September to investment company Roark Capital too.Fast food is losing out as the fresher, more wholesome ingredients served at Chipotle Mexican Grill, Panera Bread, and other fast casual chains resonate better with the more health-conscious.
The "All Others" score for an industry represents the remainder of the total industry market share, less the market shares of the ACSI-measured companies.
It is an aggregate of a representative number of customer interviews from each of potentially hundreds of smaller companies within the industry. The two companies are trying to fight back against McDonald’s success with its own products, including its latest frappes and smoothies that threaten to cut into Starbucks’ own drink offerings.
Panera Bread has proven to be forward moving in its balance sheet over the past three years. It’s efficiency in assets and income are shown in the followin g ratios. The table below shows fiscal data for the largest publicly traded food service competitors by revenues. The Panera bread vision statement is to continue to be a leader in the fast-casual dining and quick service industry by putting an emphasis on employee development and providing our community with healthy food choices while maximizing profits for their shareholders.
Apr 05, · JAB also owns a big stake in a fair number of non-food brands, such as shoe and handbag company Jimmy Choo, beauty products maker Coty and Reckitt Benckiser, the company behind Lysol, Woolite and.