Panera Bread's New Plan: Rise or Fall?

0:00Panera Brits, shaking up its game with a new plan called Panera Rise, ditching old school fresh dough facilities to go all in on fresh baked bives at. Its cafes, their closing spots in Maryland and Ohio this May 22nd, plus earlier ones in Illinois in Massachusetts hitting 399, workers total with layoffs. This shift ends nearly 40 years of shipping raw dough daily from their own plants, switching to third party bakers who par bake using paneras. Recipes, then finish it on site. Its part of four big pillars, refreshing the menu, igniting value with better prices, serving guest top notch and expanding the network. Workers and roles like bakers, packers, and drivers are feeling the pinch, but paneras offering severance, job placement help, and even a job fair on, April 20th, 2026. Last year they shut eight facilities, and they plan to close the rest within two years. Meanwhile, they've hired Patrick Coelho, a vet from Papa John's in Burger King, as chief

1:02development officer starting early April to push growth and profitability. The company's pausing its IPO to focus on a leaner, franchise heavy setup. All this aims to boost sales from $6 billion this year, to over $7 billion by 2028, across more than 2,200. Cafes, riding a wave of restaurant chains, streamlining to stay ahead. This has been Durham News Today, powered by AI.