Find in the news:
BY COUNTRY

Bidding War May Erupt Over Panera Bread



JAB Holding has a deal in place to purchase Panera Bread for a whopping $7.5 billion
It turns out they may have some company in their interest for the sandwich chain. As the New York Post reports, sources indicate that private equity giant 3G Capital is considering a bid as well.   

Luxembourg-based JAB agreed to a $315-a-share cash merger agreement with Panera just last week. It was believed to be an exclusive sales process in which Panera did not market itself to other suitors, but that hasn’t stopped the chain from receiving interest from others. Brazil-based 3G is looking towards throwing its hat into the ring as well, and that could prompt an old-fashioned bidding war between the financial behemoths.  

Panera Bread

“3G is definitely looking at Panera and has the capacity to make a rival bid,” according to a source. 

JAB serves as the investment vehicle for the billionaire Reimann family of Germany. Among the assets already in its portfolio are Krispy Kreme Doughnuts, Keurig Green Mountain, Caribou Coffee and Peet’s Coffee & Tea. 3G, which counts billionaire Warren Buffett among its backers, has been on a buying spree of its own of late. Already in the fold are fast food giant Burger King and Canada-based Tim Horton’s, and the group recently agreed to acquire Popeyes Louisiana Kitchen.    

Some observers have noted that the two investment giants are seen as allies in most circles, so the idea of a bidding war comes across as a little strange. 

“The idea of them being in combat with each other is really unusual. Given that they invest in each other’s deals, it would be like going to war with your neighbor,” another source indicated. 

If Panera were to back out of the deal with JAB to accept a larger offer, the company would be on the hook for a $215 million termination fee. JAB has plans in the works to begin selling its coffee products at Panera if the deal goes through. For 3G, we would expect their sights to be set on expanding the Panera brand even further. As currently constituted, Panera has 2,000 locations throughout the US and Canada. The chain positions itself as a “Bakery-Cafe,” and is noted for a commitment to clean ingredients, a positive impact on the food system and transparency. 

More about shopping malls in the USA



YESTERDAY, North America, North America:
A retailer has filed several new trademark applications, indicating that it intends to produce and sell virtual goods.
Jan 15, 2022, United Kingdom:
Selfridges will be the first-ever entry into the meta-universe, and for the department store's customers, it will be a unique token buying experience.
Jan 15, 2022, Japan:
Fast Retailing CFO: "It's time to review and raise prices on some products as we face higher costs."
Jan 14, 2022, USA:
Employees who have not been vaccinated could be laid off as early as January 15, 2022.
Jan 14, 2022, United Kingdom:
Among the top three streets in the world are London's Oxford Street, Madrid's Gran Via, and New York's Fifth Avenue.
Jan 13, 2022, China:
A total of 12 flagship department stores, 90 stores, and more than 60 catering facilities will be located at the complex.
Friend
and Follow
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us