Au Bon Pain
|Industry||Fast-casual restaurant, bakery, and café|
|Founded||1976in Boston, Massachusetts, U.S.|
Louis I. Kane
Number of locations
Au Bon Pain (French pronunciation: [o bɔ̃ pɛ̃], meaning "at (or to) the Good Bread") is an American fast casual restaurant, bakery, and café chain headquartered in Richardson, Texas and operates 175 locations in the United States, and Thailand. The company is currently owned by Ampex Brands.
Au Bon Pain serves baked goods such as bread, pastries, croissants, and bagels as well as tea, coffee and espresso beverages, breakfast foods such as egg sandwiches, and lunch items such as soup, salads, and sandwiches. The company also offers catering services.
Most of the company's locations are found on the East Coast of the United States, notably Philadelphia, New York City, and Boston. Locations are either company-owned or franchised. Most of the company-owned locations are in Boston, Chicago, New York, Philadelphia, Pittsburgh and Washington D.C. while franchise locations are operating in 19 states around the country, as well as internationally.
Pavailler, a French manufacturer of baking equipment, established the company as a showcase for its ovens in 1976 at Faneuil Hall in Boston. The company's principals included Louis Rapuano, Pavailler Machinery, and two minor investors. Pavailler contributed baking machinery to the venture. Au Bon Pain sold croissants, pastries, and bread produced by French bakers. In 1977, it opened stores in Hackensack, New Jersey and New York City.
In 1978, Au Bon Pain was acquired by Louis I. Kane, a venture capitalist who liked the smell of the products, for $1.5 million. The business model was changed to sell baked goods instead of ovens. Francois Marin was hired to open and manage the first Au Bon Pain in Boston's Quincy Market.
In 1993, the company acquired Saint Louis Bread Company, the predecessor of Panera Bread, for $23 million. The company also acquired the U.S. bakery locations of Warburtons, which were converted to Au Bon Pain locations.
In 1996, the company announced plans to upgrade the interior of its stores after reporting a loss.
In 1997, the company considered opening locations in Peru.
In 2011, all of its locations were renovated in a major remodeling program.
In January 2015, Au Bon Pain hired Katherine See as Executive Chef.
In June 2016, Morelli retired and Ray Blanchette was named President and CEO.
On November 8, 2017, Panera Bread announced the acquisition of Au Bon Pain, which had split off from Panera in 1999 after being created in 1981. Following the deal, Ron Shaich stepped down as the Au Bon Pain's chief executive, to be succeeded by Blaine Hurst, Panera's president.
In June 2021, AMPEX Brands purchased the chain from Panera Bread in a deal which included around $60 million in assets. The deal ensured the preservation of the Au Bon Pain brand in light of the closing and conversion of various Au Bon Pain locations into Panera Bread locations. AMPEX Brands declined to disclose the exact value of the deal, but confirmed the inclusion of assets and franchise rights for 131 additional locations. AMPEX Brands also concurrently announced the move of the company's headquarters from Boston to its own headquarters in Texas.
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- "AU BON PAIN TO ACQUIRE SAINT LOUIS BREAD COMPANY". The New York Times. Associated Press. November 12, 1993.(subscription required)
- "Au Bon Pain bakery cafes take over Warburtons restaurants". United Press International. January 25, 1993.
- "Au Bon Pain Stock Drops 11% On News That Loss Is Expected". The Wall Street Journal. October 7, 1996.
- "U.S. Bakery Chain Au Bon Pain May Open Operations in Peru". The Wall Street Journal. Associated Press. October 12, 1997.
- Goodison, Donna L. (December 4, 2000). "Au Bon Pain acquisition may be near". American City Business Journals.
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- Stempel, Jonathan; Dorfman, Brad (January 16, 2008). "LNK to buy majority stake in Au Bon Pain". Reuters.
- "Au Bon Pain Acquisition by LNK Partners and Management Closes" (Press release). PR Newswire. March 5, 2008.
- "Au Bon Pain Launches Cafe Remodel Program as Part of National Expansion Strategy; Transforms New York City Cafes" (Press release). PR Newswire. June 8, 2011.
- "Au Bon Pain Continues Shift to Eggs from Cage-Free Hens; Commits to 100% Gestation Crate–Free for Pork" (Press release). Business Wire. January 21, 2013.
- "2014 Top 100 Women-Led Businesses in Massachusetts". The Boston Globe. October 25, 2014.
- Thorn, Bret (January 16, 2015). "Au Bon Pain names new corporate executive chef". Nation's Restaurant News.
- Bartlett, Jessica (August 18, 2015). "Union targets Au Bon Pain's 'healthy' reputation as wage push falls flat". American City Business Journals.
- "Au Bon Pain's underperformance under LNK Partners ownership continues with loss of units in fiscal year 2014, according to UNITE HERE" (Press release). Business Wire. October 7, 2015.
- "Au Bon Pain Appoints Ray Blanchette as President and CEO" (Press release). PRWeb. June 24, 2016.
- Jargon, Julie (November 8, 2017). "Panera Bread Founder Ron Shaich to Step Down as CEO". The Wall Street Journal.
- Harris, David L. (November 8, 2017). "Panera will buy Au Bon Pain to gain bigger slice of bakery-cafe market". American City Business Journals.
- Meyer, Zlati (November 8, 2017). "What's buzzing at Panera? It's buying Au Bon Pain and the CEO is resigning". USA Today.
- Hsu, Tiffany (November 8, 2017). "Panera Bread Buys Au Bon Pain, Adding to JAB's Breakfast Empire". The New York Times. ISSN 0362-4331. Retrieved October 16, 2019.
- Cooper, Rebecca (March 16, 2018). "Parent co. of Panera looks to close nine D.C. Au Bon Pains". American City Business Journals.
- Levy, Marc (December 16, 2019). "Final Cambridge Au Bon Pain closes Tuesday, wrapping up 35 years in former flagship city". Cambridge Day. Retrieved October 28, 2020.
- Haddon, Heather (June 30, 2021). "WSJ News Exclusive | Au Bon Pain Bought by Restaurant Franchisee Ampex". Wall Street Journal. ISSN 0099-9660. Retrieved June 30, 2021.
- Rosen, Andy. "Boston stalwart Au Bon Pain sold, again - The Boston Globe". BostonGlobe.com. Retrieved June 30, 2021.
- Welker, Grant (June 30, 2021). "Au Bon Pain bought by Texas franchisee". Boston Business Journal. American City Business Journals.
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