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In 1981, Shaich merged his Cookie Jar with three Au Bon Pain bakeries, which were led by Louis I. Kane, a Boston-area venture capitalist, and together they created Au Bon Pain Co. Inc. Shaich then led Au Bon Pain's conversion from bakeries to bakery cafés and the business took off.
Ken and Linda Rosenthal founded the St. Louis Bread Company in 1987 with the first location in Kirkwood, Missouri. The Rosenthals invested $150,000 and received a $150,000 Small Business Administration loan. [12] Au Bon Pain Co., a public company, purchased the St. Louis Bread Company in 1993 for $23 million. [13] [14] [15]
Shaich teamed with one of the investors, a commercial real–estate veteran named Louis I. Kane, and revamped the Au Bon Pain concept, using what he learned from watching his baguette customers.
Feb 14, 2018 · In the '80s, Shaich and business partner Louis Kane checked out a cookie store/croissant shop in New England and saw the potential for a new sort of restaurant option. They would soon introduce the industry to the bakery-cafe concept with a brand they called Au Bon Pain.
In the 1980s, founder Ron Shaich merged his cookie store with a bakery, creating Au Bon Pain Co. Inc. Shortly thereafter, he and his late partner, Louis Kane, recognized the potential of transforming the company from a bakery selling croissants and bread to a bakery-cafe that used bread and croissants as a platform for selling upscale sandwiches.
Jan 11, 2024 · Sensing an opportunity in the business of sandwiches, Shaich approached venture capitalist Louis Kane, who was running Au Bon Pain at the time. The two entrepreneurs formed a partnership in...
May 5, 2020 · Restauranteurs vRon Shaich, Louis Kane and Ken Rosenthal founded by Panera Bread, which is now a major heavy hitter among fast-casual restaurants, but the cafes have their roots in Boston and...
