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, 2024 has already been rife with major developments at Panera Bread. The bakery-café chain may soon undergo another massive change as it reportedly considers selling off its coffee and bagel businesses.last week that parent company Panera Brands is looking to offload Caribou Coffee and its handful of bagel chains—Einstein Bros. Bagels, Bruegger's Bagels, Manhattan Bagel, and Noah's New York Bagels.
The investment firm JAB Holding combined Panera Bread, Caribou Coffee, and the bagel chains into Panera Brandsto help them grow coming out of the COVID-19 pandemic. The group had been looking to go public that same year, but didn't end up doing so due to the collapse of the IPO markets in late 2021,, or initial public offering, is when a privately owned company makes its shares available to the general public by listing them on the stock exchange.
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