Tuesday, October 26, 2021

yum! and 7-Eleven franchise Ampex Brands bought Au Bon Pain

Must Read

Rhea Ripley claims she would have been fired if she had kept her hair long

Rhea Ripley is undoubtedly one of the company’s best female superstars and made her name on NXT before...

Eric Bishoff admitted that Tony Khan personally accepted this when he compared himself to Ted Turner

Eric Bischoff is a veteran of the professional wrestling business and undoubtedly one of the greatest minds...

Why gasoline prices in the U.S. vary greatly from state to state

As gasoline prices in America rise to a seven-year high, drivers in some states are being hit harder...

yum! Brands and 7-Eleven franchise Ampex Brands have bought bakery and cafe chain Au Bon Pain, helping to expand its international reach.

Financial terms were not disclosed.

The seller was Panera Bread, part of the privately held JAB Holding Company, which owns several companies, including Pret A Manger. Another of its company, Krispy Kreme, is about to go public this week.

Ampex has over 400 restaurants and convenience stores. The deal, which closed Tuesday, makes the Richardson, Texas, company the first franchisor in its 16-year history. The transaction includes franchising rights at 171 Au Bon Pain locations as well as an additional 131 locations.

“Our quick service restaurant brands performed exceptionally well during the pandemic as guests walked into the drive-thru,” Ampex’s founding CEO Tabbasum Mumtaz said in a statement. “The bakery will be a return to the cafe category, and Au Bon Pain is well positioned to grow.”

Au Bon Pain was started in 1981 in Boston. Ampex plans to initially focus on Au Bon Pain’s existing cafes in key markets in the Northeast and Mid-Atlantic. Once the existing cafes reopen and see positive results, Ampex will be looking to expand, starting with corporate-owned locations.

.

- Advertisement -
Latest News

Rhea Ripley claims she would have been fired if she had kept her hair long

Rhea Ripley is undoubtedly one of the company’s best female superstars and made her name on NXT before...

Eric Bishoff admitted that Tony Khan personally accepted this when he compared himself to Ted Turner

Eric Bischoff is a veteran of the professional wrestling business and undoubtedly one of the greatest minds who has ever worked with...

Why gasoline prices in the U.S. vary greatly from state to state

As gasoline prices in America rise to a seven-year high, drivers in some states are being hit harder than others.According to GasBuddy, the...

Bob Vilan is supporting Biffy Clyro on her Fingers Crossed UK tour.

Bob Vylan announced their support Biffy Clyro the band’s “Fingers Crossed” on a heartfelt tour of the UK. The London Punk will join the...

Miz demonstrates a fun rat game behind the scenes while dancing with the stars

Miz is undoubtedly one of the most popular WWE superstars in the company’s history. In addition to winning several championships at the...
- Advertisement -

More Articles Like This