Panera Bread Announces Development Agreements For 52 Bakery-Cafes in 4 States (11/00)

Panera Bread Co. announced agreements with two new franchisees to develop a total of 52 Panera Bread bakery-cafes in 4 states. Donald Strang III agreed to open 48 bakery-cafes in Delaware, Pennsylvania, and New Jersey. Earl Taylor signed a contract to open 4 bakery-cafes in Florida. Both franchisees are scheduled to open their first bakery-cafes by the end of 2001.

Panera Bread owns and Franchises bakery-cafes under the Panera Bread and Saint Louis Bread Co. names. The company is the leader in the emerging specialty bread/cafe category due to its unique bread combined with a quick, casual dining experience. As previously reported, as of Oct. 31, 2000 Panera Bread operated 231 bakery-cafes (89 company-owned and 142 franchised bakery- cafes) in 27 states.