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The Owner of Krispy Kreme Purchased Panera for Over $7 Billion

Sold. Photo: Scott Olson/Getty Images

Over its 36 years in business, Panera Bread has become quite valuable: There are over 2,000 cafés spread across 46 states (plus a few in Canada), but it’s a group from Europe that has now acquired the company. JAB — which also owns Peet’s Coffee & Tea, Caribou Coffee Company, Stumptown Coffee, Keurig Green Mountain, and Krispy Kreme Doughnuts — purchased Panera for over $7 billion, paying $315 per share. (Once the deal closes, Panera will become a privately held company.) Panera recently made a commitment to animal welfare, perhaps making the deal even more appealing. If JAB is smart, it’ll give people what they really want: a glazed-doughnut-bread-bowl mash-up.

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Krispy Kreme Owner Purchased Panera for Over $7 Billion