The road to Panera’s $7.5 billion sale began at a Cookie Jar in Boston
Panera Bread, which this week was bought for $7.5 billion by the private equity firm JAB Holding Co., is based in St. Louis, but its acquisition represents something of a shake-up for the Boston business community. Many of Panera’s executives work in a Needham office, including chief executive Ron Shaich, who stands to reap at least $400 million from the deal.
The Brookline resident has been based in Massachusetts for decades, since the company’s earliest days.
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