M&A activity in the retail, wholesale & foodservice industry in India decreased by 55% in Q1 2023, Whos acquiring who? July 5, 2021 Ampex Brands, a Yum! Ampex Brands acquired all 171 locations of Au Bon Pain, along with the franchising rights to an additional 131 locations. Ms. Garza has spent her career growing franchising for both domestic and international QSR brands, casual dining and c-store segments. The QSR business is all about convenience, and it's also about contactless, Ericka Garza, the new Au Bon Pain brand president, told PYMNTS. Brands, Inc. and 7-Eleven franchisee with more than 400 restaurants and convenience stores, has acquired fast-casual restaurant, bakery and cafe chain operator Au Bon Pain from ABP Corp., a subsidiary of Panera Bread. The presenter will cover top-line demographic trends in the category, notable evolutions/shifts in consumer preferences and behaviors, events impacting changes (i.e. She is a 20-plus-year C-level marketing veteran in the fast-casual, casual dining and entertainment industries with companies such as Raising Canes, Texas Land & Cattle/Lone Star Steakhouse, Twin Peaks and Lucky Strike Entertainment. Au Bon Pain Eyes Growth-Ready Future Under New Leadership 06/30/2021 Au Bon Pain is Under New Ownership Ampex Brands, a longtime Yum! Au Bon Pains 171 locations will join the Ampex Brands family and increase the companys revenue by approximately 10 percent annually. Beth Collins, Ampex Brands' global chief marketing officer, said the new Caf of the Future design follows a campaign of "bringing it back to bright." Artifical Ampex Brands has purchased bakery and cafe chain Au Bon Pain But again, were still looking at different opportunities.. For sure, the U.S. is tired of staying home, and I think people can't just wait to get out Everybody is excited to be back and getting businesses to where they should be.. 2023 NYP Holdings, Inc. All Rights Reserved, Biden taps 2 Republicans to fill FTC vacancies, Three charged with insider trading tied to merger with Donald Trumps Truth Social parent company, Fanatics agrees to $225 million deal to purchase PointsBet US betting business, Sports Illustrated in sale talks with African American-owned investment firm Group Black: report, which owns a range of companies including Pret a Manger, LegalZoom jumps 31 percent in debut, valued at $7 billion, Flawed rent and tax forecasts fester wild 'apocalypse' predictions, Bad Breadth is the latest ridiculous reason naysayers insist stocks are doomed, What SCOTUS' affirmative action ruling could mean for DEI and corporate wokeness, Bud Light slammed for attempt at levity on Fourth of July: 'Independence from politically active beer', Kid Rock reportedly selling Bud Light at his bar again after shooting up cans in viral video, NYC residents can make thousands by snitching on noisy bars, restaurants, Fans react to Violet Affleck looking like Jennifer Garners twin at Hamptons party, Camila Cabello steps out in dangerously short dress during Paris Fashion Week, Ice-T blasts weirdo fans criticizing wife Coco Austin for posing in G-string thong, cut-off tank, Australian footballer becomes first female athlete diagnosed with CTE, Heather Locklear appears distressed, bizarrely walks on ledge of office building, OceanGate CEO told previous passengers to 'sleep' after sub battery went 'kaput'. Founded in 2005 by Mumtaz, Ampex employs about 700 people throughout its various locations. Ampex intends to expand Au Bon Pain, even as transit hubs and commercial centers have yet to fully bounce back from the coronavirus pandemic. That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. Yum! By Ann Gehan 3:58 PM on Jun 30, 2021 CDT Ampex Brands is betting big on a cafe comeback. Topics, Editors Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. The bakery cafe category will rebound, and Au Bon Pain is well-positioned to grow.. We use cookies to provide you with a better experience. Payments, More What Food Franchises Does Shaquille ONeal Own? ), as well as notable fresh bread product introductions. As we open our cafs, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. 2023 Smart Business Dealmakers. Brands franchisee Ampex Brands has acquired American fast casual restaurant and caf chain Au Bon Pain from Panera Bread subsidiary ABP Corporation. According to a company statement, Ampex Brands has big ambitions for the bakery-caf chain, which was hit hard by the pandemic. Design, CMS, Hosting & Web Development :: ePublishing. Become a business insider with the latest news. Design, CMS, Hosting & Web Development :: From breaking news to R&D insights, well send you the top stories affecting the industry. Inside Ampex Brands' Acquisition of Au Bon Pain Smaller footprints with less dine-in seating are the future of fast-casual dining and having a successful prototype with long-standing institutional relationships allows for flexibility as we grow.. Give your business an edge with our leading industry insights. Panera is selling Au Bon Pain again | CNN Business (CBS/CNN) -- Ampex Brands a franchisee that owns more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver's and 7-Eleven locations is buying Au Bon Pain. Au Bon Pain Being Bought By Taco Bell, 7-Eleven Franchisee Another one of its companies, Krispy Kreme, is set to go public this week. As part of the transaction, Ampex will acquire Au Bon Pains 171 locations as well as franchising rights to an additional 131 locations. Ampex will apply its successful operating strategy to ramp up Au Bon Pains existing cafs starting in the brands key markets in the Northeast and mid-Atlantic. Of course, the most immediate goal is to customers back into existing restaurants, establishing post-pandemic habits to last into the future. Au Bon Pain - Wikipedia Au Bon Pain ( French pronunciation: [o b p], meaning "at (or 'to') the Good Bread" [2]) is an American fast casual restaurant, bakery, and caf chain headquartered in Richardson, Texas and operates 175 locations in the United States, and Thailand. Then, in 2017, Panera Bread, a subsidiary of JAB Holding Co., reacquired Au Bon Pain. M&A activity in the retail, wholesale & foodservice industry in The UK decreased by 6% in Q1 2023, Whos acquiring who? The purchase from Panera Bread includes $60 million in assets and was finalized June 29, 2023 Informa USA, Inc., All rights reserved, Subway rolls out in-store meat slicers in U.S. with new Deli Heroes. A majority of Au Bon Pain locations across the country serve hospitals, universities and transportation hubs like airports and train stations. Smaller footprints with less dine-in seating are the future of fast-casual dining, and having a successful prototype with long-standing institutional relationships allows for flexibility as we grow.. Ampex owns more than 400 restaurants and convenience stores. Commerce, Real-Time Yum Brands franchisee Ampex Brands buys Au Bon Pain - CNBC Au Bon Pain Bought by Restaurant Franchisee Ampex - WSJ Our quick service restaurant brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru, Ampex founder CEO Tabbassum Mumtaz said in a statement. The acquisition gives the company a foot in the door in the franchisor space as well as the operating company space as well. That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. Visit our updated. Yum! and 7-Eleven franchisee Ampex Brands buys Au Bon Pain - New York Post We want to give the brand the energy it deserves, she said. franchisee, buys the chain and creates a diverse team of franchise and operations experts to jumpstart the Au Bon Pain brand. Ampex Brands recently wrapped is acquisition of Au Bon Pain from Panera Bread, landing Ampex a 171 locations and franchising rights for another 131 restaurants. Most recently, she managed domestic traditional and nontraditional business as the senior franchise growth leader for Pizza Hut. By visiting this website, certain cookies have already been set, which you may delete and block. June 30, 2021 3:28pm Updated Yum! Yum Brands franchisee Ampex Brands acquires Au Bon Pain Smaller footprints with less dine-in seating are the future of fast-casual dining, and having a successful prototype with long-standing institutional relationships allows for flexibility as we grow.. Ampex Brands, a Yum! pandemic, supply chain, economic shifts, etc. This has the chance to just be a win-win for everyone a win for the brand and a win for Ampex.. Brands and 7-Eleven franchisee Ampex Brands has purchased bakery and cafe chain Au Bon Pain, helping to expand its international reach. Will Consumers Pay $50 for Drugstore Brand Sunscreen? Ampex Brands acquires Au Bon Pain Photo: Au Bon Pain 07.01.2021 By Eric Schroeder DALLAS Ampex Brands, a Yum! The Richardson-based company announced Wednesday that it had finalized a deal to acquire Au Bon. The acquisition also expands the companys footprint internationally. The most expensive piece of equipment is an empty chair, so we're looking at smaller footprints as well as larger footprints where we can make sure that customers and guests are comfortable sitting relaxing, having a cup of coffee [and a] piece of bread.. As consumers mobility increases, breakfast on-the-go is coming back. As the economy continues to reopen, Mumtaz expects cafes and bakeries to gradually recover and become a growing segment. a Anna Wolfe Senior Editor, Restaurants Ampex Brands, a Yum! We also see opportunity in its nontraditional locations, currently in transportation hubs, airports, universities and hospitals. However, success wasnt guaranteed from the start. DALLAS Ampex Brands, a Yum! In the future you will see some of our locations with just a slightly different look, Garza said. We see a solid future for both Au Bon Pain and our broader portfolio, said Ampex CEO Tabbassum Mumtaz. Ampex expects the acquisition to boost its current annual revenues of nearly $500 million by approximately 10%. We see a solid future for both Au Bon Pain and our broader portfolio, said Tabbassum Mumtaz, chief executive officer of Ampex. The acquisition also gives Ampex the franchising rights to 131 additional locations. Collins was most recently the chief marketing officer at Lucky Strike Entertainment, a Los Angeles-based chain of bowling alleys and arcades. The acquisition marks the first time in its history that Ampex will assume the role of franchiser. Ampex operates more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver's and 7-Eleven. M&A activity in the retail, wholesale & foodservice industry in China decreased by 37% in Q1 2023, How manufacturers can Hop To It when extracting natural flavours from botanicals and fruit, The key technologies allowing F&B professionals to meet their sustainability goals, Making air conditioners more energy efficient ahead of the cold crunch. By closing this message or continuing to use our site, you agree to the use of cookies. The acquisition also grants Ampex franchising rights to an additional 131 locations. Tabbassum Mumtaz, CEO and founder of Ampex Brands, said his companys quick-service restaurants performed extraordinarily well throughout the pandemic as guests moved to drive-through. Joanna Fantozzi | Jun 30, 2021 Yum Brands and 7-Eleven franchisee Ampex Brands announced Wednesday the acquisition of bakery-caf chain Au Bon Pain from JAB Holding-owned Panera Bread.. our Subscriber Agreement and by copyright law. Businesses, Social Brands, the worlds largest restaurant company. As part of this initiative, Mumtaz has created a team of franchise and operations experts to lead the Au Bon Pain brand, including appointing Ericka Garza as brand president. . Were always on the lookout for opportunities to partner with innovators and disruptors. That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. One of the things that we think about, which is different than most restaurant companies, is we see ourselves more of as an investment company that happens to be great restauranters, Easton says. The US is reopening, and our markets are coming back to life, Ms. Garza said. In line with the acquisition, Ampex is bringing on a new management team to lead Au Bon Pain. Brands, Inc. and 7-Eleven franchisee with more than 400 restaurants and convenience stores, has acquired fast-casual restaurant, bakery and cafe chain operator Au Bon Pain from ABP Corp., a subsidiary of Panera Bread. [3] The company is currently owned by AMPEX Brands. Smaller footprints with less dine-in seating are the future of fast-casual dining., Based in Richardson, Texas, which abuts Dallas, Ampex has annual revenues of nearly $500 million, according to the companys statement. Dive Brief: Au Bon Pain has been purchased by Ampex Brands, a Yum Brands and 7-Eleven franchisee that operates more than 400 restaurants and convenience stores, according to a press release emailed to Restaurant Dive. Brands Inc. and 7-Eleven franchisee with more than 400 restaurants and convenience stores, announced it acquired Au Bon Pain from ABP Corporation, a subsidiary of Panera Bread. The Au Bon Pain acquisition was completed June 29. The bakery caf category will rebound, and Au Bon Pain is well-positioned to grow.. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. The seller was Panera Bread, part of. Salsa Raises $10 Million to Help Platforms Embed Payroll Features, Ahrvo Labs Launches Cross-Border Open Banking Platform Supporting 185 Currencies, If AI Can Replace Employees, It Can Also Replace Vendors, Instant Payouts Take Center Stage as Online Sports Betting Gains Popularity, Walmart Hints at Early FedNow Adoption While Amazon Is Mum So Far, 9 in 10 Real Estate Firms Bet Big on Real-Time Payments, FinTech IPO Index Soars 9.3% as Blend, Open Lending Lead Earnings Rallies, Gen Z Is Generation Digital Health as 62% Use Digital Patient Portals, Digital Payments Makeover Continues for Beauty Services Industry. Founded in 2005 by Tabbassum Mumtaz, Ampex is a longtime franchisee of Pizza Hut, KFC, Taco Bell, Long John Silvers and 7-Eleven, with over 400 locations around the country. The addition of Au Bon Pain is expected to boost Ampexs revenues by approximately 10% annually. Based in Boston, Au Bon Pain was created by Ron Shaich and his late partner Louis Kane in 1981. Copyright 2023. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. We also see opportunity in its nontraditional locations, currently in transportation hubs, airports, universities and hospitals. New Au Bon Pain Owner To Revitalize Brand | PYMNTS.com Ampex Brands has purchased bakery and cafe chain Au Bon Pain - Yahoo News The company went public in 1991 and acquired Saint Louis Bread Co. in 1993. Ampex Brands acquires Au Bon Pain and plans to expand the chain Since its founding in 2005, Ampex has built its name as a franchisee, with a booming portfolio of brands in the C-Store and QSR segments. Mumtaz has assembled a diverse team of franchise and operations experts to lead the Au Bon Pain brand, including Ericka Garza as brand president. Ampex Brands, a Yum! By signing up you agree to ourTerms of ServiceandPrivacy Policy. Pay Later, Cross-Border In a competitive process, even if you have the best intentions, that doesn't necessarily mean that you cross the finish line first.Easton and Juvan talked on the Smart Business Dealmakers Podcast about Ampexs acquisition of Au Bon Pain how the process went down, the challenges they faced and how Ampex intends to leverage this new opportunity. The bakery cafe category will rebound, and Au Bon Pain is well-positioned to grow.. Panera, which purchased Au. Saint Louis Bread was then renamed Panera Bread, and, in 1999, Au Bon Pain was sold so all resources could be focused on Panera. Mr. Bacica has spent more than 30 years in hospitality, including 18 years in food and beverage leadership roles for Disneyland, Universal Studios Hollywood and Universal Orlando Parks and most recently as CEO of PEAK Event Services. Brands and 7-Eleven franchisee Ampex Brands has purchased bakery and cafe chain Au Bon Pain, helping to expand its international reach. When the deal first hit my desk, I thought the opportunity here is limitless, she says. Au Bon Pain Eyes Growth-Ready Future Under New Leadership Ampex Brands, which took over in 2021, is working on a modernized prototype that mixes experience and convenience. While Au Bon Pain may have lost some of the shine it may have had in the 00s, Garza said, It is not a broken brand it is not a brand that needs transformation., Still, she went on to say, It is a brand that we are going to give relevance, and were going to give it the energy and the attention that it has deserved.. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. As we open our cafes, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. Au Bon Pains restaurants and bakery cafes are located in the United States, India and Thailand. And as Ampex Brands first global chief marketing officer. Ampex intends to expand Au Bon Pain, even as transit hubs and commercial centers have yet to fully bounce back from the coronavirus pandemic. Once those existing cafs reopen and are performing well, Ampex Brands will begin expanding Au Bon Pain with corporate-owned locations. Garza said that, in addition to experimenting with different footprints here domestically, the brand is also currently mapping out to be able to expand globally.. The acquisition also expands the companys footprint internationally. Financial terms of the transaction were not disclosed. DealTalk: Trends, Insights & Alternative Investments, SmartTalk: Inside The Minds of Top Business Leaders. Au Bon Pain finds new owner | 2021-07-01 | Baking Business The leading site for news and procurement in the foodservice industry, I consent to Verdict Media Limited collecting my details provided via this form in accordance with, Future-proofing food processing and packaging, Unilever sees healthier indulgence opportunity in frozen yogurt brand, Cancel culture pressure as Starbucks removes Pride decorations, Pret A Manger opens new restaurant in Dubai, Pepes Piri Piri opens third restaurant in UKs Watford town, Swiggy launches the WhatToEat feature on its app, CCOO confirms Getirs decision to cease Spanish market operations, Whos acquiring who? In her new role, Ms. Collins will oversee brand responsibilities for both Au Bon Pain and Ampex Brands. Partner, Auto Sales Slump Could Be a Crisis of the Sectors Own Making, Automation Steps In to Fill Hospitality Service Staff Shortages, Authentic Brands Group Strengthens Luxury Position With Acquisition of Vince, Austrias Erste Group Unveils New Platform to Improve Digital Banking for Businesses. As we open our cafes, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. Brands, Inc. and 7-Eleven franchisee with more than 400 restaurants and convenience stores, has acquired fast-casual restaurant, bakery and cafe chain operator Au Bon Pain from ABP Corp., a subsidiary of Panera Bread. Beth Collins was appointed as Ampex Brands first global chief marketing officer,having previously held leadership positions at Raising Canes, Texas Land & Cattle/Lone Star Steakhouse, Twin Peaks and Lucky Strike Entertainment. Financial terms. She says a deal such as this one has a lot of potential suitors. The financial details of the deal have not been divulged. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Index, Data We also see opportunity in its nontraditional locations, currently in transportation hubs, airports, universities and hospitals.. Ampex initially plans to focus on Au Bon Pains existing cafs in key markets in the Northeast and mid-Atlantic. For non-personal use or to order multiple copies, please contact Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Please click here to continue without javascript.. 2023 State of the Industry: Snack and Bakery, Advances in Science & Engineering of Rice, Clem Snacks and J&D Snacks to be acquired by Utz Brands, Brownie Brittle acquired by Second Nature Brands, Confectionery and Chocolate Engineering: Principles and Applications, 2nd Edition, Global Morning Goods (Bakery & Cereals) Market - Outlook to 2022: Market Size, Growth and Forecast Analytics, Custom Holography Simplified: Brilliant New Possibilities for Designers, Brands and Printers. To guide its expansion, the company is adding a slate of new leadership hires. Au Bon Pain Bought by Restaurant Franchisee Ampex. Ampex said it plans to apply its operating strategy to ramp up Au Bon Pains existing cafes, starting in the brands key markets in the Northeast and mid-Atlantic. Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. The bakery caf category will rebound, and Au Bon Pain is well-positioned to grow., Related: Fat Brands to acquire Hot Dog on a Stick and Marble Slab Creamery parent company Global Franchise Group. We also see opportunity in its nontraditional locations, currently in transportation hubs, airports, universities and hospitals. The addition of Au Bon Pain is expected to boost Ampexs revenues by approximately 10% annually. Brands, Inc. and 7-Eleven franchisee with more than 400 restaurants and. The company will now assume the role of the franchisor for the first time. Picks, CE100 Once existing cafes are reopened and executing with positive results, Ampex said it intends to kick off expansion efforts, starting with corporate-owned locations. Ann Gehan is a business reporter covering companies and economic topics. Intelligence, Connected Franchisee Ampex Brands announced Wednesday that it bought the bakery-cafe chain Au Bon Pain. June 30, 2021 08:02 AM Eastern Daylight Time DALLAS-- ( BUSINESS WIRE )--Ampex Brands, a Yum! The company will then begin expanding with new corporate-owned locations first, eventually bringing in new franchisees. Talking about the deal, Eric Easton, CFO at Ampex Brands, says the company has been looking for an opportunity to move further into the company-owned aspect of the business, where partners operate or own the businesses and Ampex invests in them, as well as the franchisor space because the bulk of its operating restaurants are in the franchisee space. Au Bon Pain got its start in Boston in 1981. DALLAS Ampex Brands, a Yum! This copy is for your personal, non-commercial use only. Ampex Brands, a longtime Yum! Once existing cafs are reopened and seeing positive results, Ampex will look to expand, starting with corporate-owned locations. On-Demand:Learn to incorporate custom holographic images and patterns into print, label, display and packaging to improve shelf impact, positioning, authenticity and security. Financial terms were not disclosed. Au Bon Pain reveals brighter and modernized new look - Restaurant Business The bakery caf category will rebound, and Au Bon Pain is well-positioned to grow.. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. Brands Inc. and 7-Eleven franchisee that owns 400-plus restaurants and convenience stores, has acquired 171 Au Bon Pain restaurants from ABP Corp. As we open our cafs, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success, Garza said in a statement. Spring cookie and confectionary launches explored better-for-you trends. A longtime franchisee of Pizza Hut, KFC, Taco Bell, Long John Silvers, and 7-Eleven, Ampex will now assume the role of the franchisor for the first time in its 16-year history. Horton to buy fast-growing Gulf Coast homebuilder for $100 million, Dallas high-profile Virgin Hotel now under lead investors control, Investor buys apartments near Dallas Cityplace, 3 D-FW barbecue spots are best in Texas, says The New York Times, Dallas has some of the nations best pizza and bagels, 2 lists say, Hot List: 20 great restaurants and bars to visit in Dallas-Fort Worth in summer 2023, McDonalds celebrates Hispanic art with new murals at DeSoto store, Dallas makes street patio seating program for restaurants permanent, Neighbors question whether Houston man found alive after 8 years was really missing, Sentencing underway for El Paso Walmart gunman from Allen who killed 23 people, How North Texas has become the home of El Tri in the United States, North Texas church apologizes for controversial slavery sermon by Anna Duggars father, American Airlines passenger claims fellow traveler was not real, Stop putting peanut butter in your recycling bin, or else, For Rangers Mitch Garver, strong showing vs. Red Sox highlighted a blessing and a curse.