JAB Holding Company will combine Panera Bread, Caribou Coffee and Einstein Brothers Bagels under a single entity that will operate as Panera Brands.  The combination will have a presence in ten nations with a total of 4,000 locations.

Synergy from the combination will be derived from the digital infrastructure provided by Panera Brands and other benefits including innovation in menus, standardization of operating policies and sourcing of ingredients.

The designated Group CEO, Niren Chaudhary stated, "together as Panera brands we are united by our common values and shared belief that we can be force multipliers for good".  He added, "we believe Panera Bread, Caribou Coffee and Einstein Brothers Bagels will leverage each companies' unique expertise and services to build an unrivaled fast-casual platform with a tremendous runway for growth".