Keurig

Panera Sells for $7.5B to the Coffee Giant That Owns Keurig and Peet’s

Old Lyme tree down1
NBCConnecticut.com

Panera Bread has been sold to JAB, the owner of Caribou Coffee and Peet's Coffee and Tea, for $7.5 billion, CNBC reported.

The Luxembourg-based company has bought several U.S. breakfast and coffee companies in recent years, including Krispy Kreme Doughnuts and Keurig Green Mountain. One consumer researcher called Panera the "crown jewel" for JAB, and said the move "makes a lot of sense."

Panera has 2,000 cafes throughout the U.S. Through the last six quarters, they have reported better-than-expected earnings per share. 

U.S. & World

Stories that affect your life across the U.S. and around the world.

Organizers Prepare for Floyd Memorial in Minneapolis

Live Updates: Barr Holds News Conference; Va. to Remove Confederate Monument

Under the deal, JAB will assume Panera's $340 million debt. 

Read More

Contact Us