National chain of restaurants specializing in soups and sandwiches
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In 1993, Au Bon Pain Co. purchased the Saint Louis Bread Company, which was founded by Ken Rosenthal. At the same time, the St. Louis Bread Company was renovating its 20 bakery-cafés in the St. Louis area.
In May 1999, to expand Panera Bread into a national restaurant, Au Bon Pain Co. sold its other chains, including Au Bon Pain, which is now owned by Compass Group North America. Au Bon Pain Co. then renamed itself Panera Bread. The company operates or franchises 1,272 Panera Bread bakery-cafés in 40 states and 17 facilities that deliver fresh dough to the bakery-cafés every day. Panera Bread's CEO is Ron Shaich.
In its headquarters city of St. Louis, Panera Bread still operates under the name St. Louis Bread Company. The St. Louis metropolitan area has over 50 locations.
In 2005, Panera ranked 37th on BusinessWeek's list of "Hot Growth Companies", ...