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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]
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...
Dec 23, 2014 · WHEN WE WERE SMALL | How Ron Shaich turned the fast-casual cafe in a billion-dollar business.
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.
They had $3 million in debt.”. With Au Bon Pain co-founder, Louis Kane, 1991. “It’s an advocacy group about reducing the hyperpartisanship in D.C. It’s got a million members today ...
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.
