Is Einstein Bagels owned by Panera?

Panera Bread, Caribou Coffee and Einstein Bros. Bagels have formed Panera Brands, a platform of fast casual restaurants, according to a press release. The combined company will have nearly 4,000 locations. Niren Chaudhary has been appointed Group CEO of Panera Brands and will continue as CEO of Panera Bread.

Are Panera and Einstein Bagels the same?

Bagels to form Panera Brands. Panera Bread, Caribou Coffee and Einstein Bros. Bagels announced Thursday that they’ve joined forces to form Panera Brands, “a new powerhouse platform in fast-casual,” according to the company. The combined company will have nearly 4,000 units and 110,000 employees across 10 countries.

What happened with Einstein Bagels?

Einstein bagels parent to be acquired by majority owner of Peet’s, Caribou Coffee. Bagel purveyor Einstein Noah Restaurant Group Inc. said on Monday that it is being sold to JAB Holding Co., majority owner of coffee companies that include Peet’s Coffee & Tea and Caribou Coffee, for $374 million.

Why is it called Einstein bagels?

The Einstein name actually relates to the company’s fictional founding brothers Melvin and Elmo, not the scientist who originated the theory of relativity. Not that it matters to those who’ve been waiting for the national breakfast café chain to start serving its renowned “hot fresh” bagels and coffee.

Are Einstein Bagels boiled or baked?

Einstein: Soft, fresh, and chewy are the main characteristics. Unlike at traditional bagelries, the bagels here as well as at Panera are not boiled before baking; that’s why the crust is never crusty (the bagels instead get steamed while in the oven).

Is Einstein’s going out of business?

April 28 – Einstein/Noah Bagel Corp., operator of 465 bagel shops in 29 states, followed its progenitor Boston Chicken into Chapter 11 bankruptcy protection Thursday after failing to reach an agreement with bondholders whom it owes $125 million.

Is Einstein Brothers going out of business?

Einstein Bros Bagels is closing 39 restaurants nationwide.

Are Einstein bagels boiled?