Panera Bread's Parent Company Prepares for IPO

Panera Bread's parent company, JAB Holding, is making changes in leadership as it prepares for an initial public offering (IPO). After canceling a deal last year to go public with SPAC USHG Acquisition, Panera is now interested in pursuing an IPO. Rye Merger. However, citing market conditions, Panera scrapped those plans in July. JAB Holding, which bought Panera Bread in 2017 and took it private for $7.5 billion, has combined the sandwich chain with Einstein Bros. Bagels and Caribou Coffee to form Panera Brands. Panera Brands, with revenue exceeding $4.8 billion in 2022, is known for its technological innovations in the restaurant industry, such as digital orders and a successful loyalty program.