The pivot toward drive-thru comes at a time when many restaurants are looking to take advantage of the popularity of the channel, racing to offer the quickest and most frictionless drive-thru experience through a combination of mobile order-ahead integrations and artificial intelligence (AI) features that personalize the experience. Medium Once existing cafes are reopened and executing with positive results, Ampex said it intends to kick off expansion efforts, starting with corporate-owned locations. We see a solid future for both Au Bon Pain and our broader portfolio, said Tabbassum Mumtaz, chief executive officer of Ampex. 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. Dive, Become M&A activity in the retail, wholesale & foodservice industry in The UK decreased by 6% in Q1 2023, Whos acquiring who? With the addition of Au Bon Pain, formerly a Panera Bread subsidiary, Ampexs revenue is expected to increase by an estimated 10% a year. This deal, which is reported to include around $60 million in assets, features not only the acquisition of Au Bon Pains 171 existing locations but also franchising rights to 131 more locations thats a 77 percent increase in unit count. The bakery caf category will rebound, and Au Bon Pain is well-positioned to grow.. Speakers will address big-picture issues like workforce development, the supply chain, and cost increases while offering a deep dive into consumer purchase behavior across top snack and bakery product categories. The pandemic is slowing down. With the completion of the deal, Au Bon Pain's 171 locations are now part of the Ampex Brands portfolio and could increase the company's annual revenue by nearly 10%. As part of the transaction, Ampex will acquire Au Bon Pains 171 locations as well as franchising rights to an additional 131 locations. As the economy continues to reopen, Mumtaz expects cafes and bakeries to gradually recover and become a growing segment. Au Bon Pain got its start in Boston in 1981. Ampex intends to expand Au Bon Pain, even as transit hubs and commercial centers have yet to fully bounce back from the coronavirus pandemic. But Juvan says she had to check her excitement because dealmakers need to avoid getting too emotionally invested in deals in order to make sure that they're giving good advice and ensure deals are done for the right reasons that the fundamentals make sense. 06/30/2021 Au Bon Pain is Under New Ownership Ampex Brands, a longtime Yum! The bakery cafe category will rebound, and Au Bon Pain is well-positioned to grow.. Give your business an edge with our leading industry insights. Most recently, she managed domestic traditional and nontraditional business as the senior franchise growth leader for Pizza Hut. Ampex will first work to reopen Au Bon Pains existing cafes, which are mostly concentrated on the East Coast, and return them to pre-pandemic operating levels. Ampex Brands acquires Au Bon Pain and plans to expand the chain, H-E-B sets opening date later this month for new McKinney store, With little construction, D-FW shopping center vacancies remain near record lows, D.R. 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. A year from now, I would say that our sales need to be back, said Mumtaz. In her new role, Ms. Collins will oversee brand responsibilities for both Au Bon Pain and Ampex Brands. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Au Bon Pain has 80 locations in Thailand and is looking to expand into Mexico and other international markets. Yum! We use cookies to provide you with a better experience. By Ann Gehan 3:58 PM on Jun 30, 2021 CDT Ampex Brands is betting big on a cafe comeback. 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 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. Ampex Brands acquired all 171 locations of Au Bon Pain, along with the franchising rights to an additional 131 locations. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. 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.. Saint Louis Bread was then renamed Panera Bread, and, in 1999, Au Bon Pain was sold so all resources could be focused on Panera. Most recently, she managed domestic traditional and nontraditional business as the Senior Franchise Growth Leader for Pizza Hut, operated by Yum! Garza describes these as like a business within the business, noting that the customer service and the convenience keep customers coming back. Mumtaz added that the company, since the announcement of the acquisition, has been getting a lot of calls already from interested potential franchisors, though for now the company is holding off on signing new deals. Pay Later, Cross-Border Looking ahead, in addition to adding more drive-thru locations, the brand is also, conversely, looking to offer a space for consumers to spend time and connect, much like Starbucks third place philosophy. 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. Peyton Manning and Papa Johns Franchise: The Full Story, The Rise, Fall and Reinvigoration of Friendlys. And that G&A leverage that we generate from that is a big part of our strategy as well. Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. The bakery caf category will rebound, and Au Bon Pain is well-positioned to grow.. Au Bon Pain Bought by Restaurant Franchisee Ampex. Brands, the worlds largest restaurant company. Ampex Brands already owns and operates more than 400 locations of Pizza Hut, KFC, Taco Bell, Long John Silvers and 7-Eleven stores. Ampex intends to expand Au Bon Pain, even as transit hubs and commercial centers have yet to fully bounce back from the coronavirus pandemic. pandemic, supply chain, economic shifts, etc. our Subscriber Agreement and by copyright law. Seizing on the return of the bakery caf, Ampex Brands, a franchisee founded in 2005 that operates close to 600 quick-service restaurants (QSRs) and convenience stores, is now becoming a. We also see opportunity in its nontraditional locations, currently in transportation hubs, airports, universities and hospitals.. Au Bon Pains restaurants and bakery cafes are located in the United States, India and Thailand. July 5, 2021 Ampex Brands, a Yum! 2023 NYP Holdings, Inc. 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DALLAS Ampex Brands, a Yum! Ampex Brands acquired all 171 locations of the bakery-caf chain, along with the franchising rights to an additional 131 locations, and the deal is expected to grow the newly minted franchisors annual revenue by 10%. Meanwhile, Beth Collins has been named as the first global chief marketing officer at Ampex Brands. The deal will allow Ampex, which has been a franchisee for Pizza Hut, KFC, Taco Bell, Long John Silvers and 7-Eleven, to expand its footprint in the international market. As consumers mobility increases, breakfast on-the-go is coming back. https://www.wsj.com/articles/au-bon-pain-bought-by-restaurant-franchisee-ampex-11625053751. Financial terms of the deal were not made public. 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. Restaurant operator Ampex Brands is buying bakery chain Au Bon Pain, a sign of franchisees growing power in the U.S. food industry. Most recently he served as CEO of PEAK Event Services. With the acquisition Ampex has appointed former Pizza Hut senior franchise growth leader Ericka Garza as brand president. All Rights Reserved BNP Media. Registered in England and Wales. The acquisition also expands the companys footprint internationally. M&A activity in the retail, wholesale & foodservice industry in India decreased by 55% in Q1 2023, Whos acquiring who? Topics, Editors Anna Wolfe Senior Editor, Restaurants Ampex Brands, a Yum! Au Bon Pain sold to Yum Brands franchisee | Restaurant Dive Payments, Small & Ampex Brands Acquires Au Bon Pain | Business Wire .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Commerce, Real-Time This has the chance to just be a win-win for everyone a win for the brand and a win for Ampex.. 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. The company went public in 1991 and acquired Saint Louis Bread Co. in 1993. In a company statement released June 29, Ampex revealed three executives who will steer the acquisition: Garza is excited about opportunities for the bakery caf. Ampex Brands acquires Au Bon Pain - Food Business News Au Bon Pain Bought by Restaurant Franchisee Ampex - WSJ This website requires certain cookies to work and uses other cookies to help you have the best experience. Foodservice Market Size and Trend Analysis by Profit Channel (Restaurants; Clubs, Pubs, and Bars; Augmented Reality (AR) in Foodservice - Thematic Research, Craft coffee brand Caravan to open new UK location later this year, Pepe's Piri Piri opens third restaurant in UKs Watford town, Beale Street Blues to transfer ownership of two restaurant brands. 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. Once existing cafes are reopened and executing with positive results, Ampex said it intends to kick off expansion efforts, starting with corporate-owned locations. People are coming out more. What Food Franchises Does Shaquille ONeal Own? Additionally, Brian Bacica has been appointed COO of Au Bon Pain, having previously spent his career in food and beverage roles at Disneyland, Universal Studios Hollywood and Universal Orlando Parks. On-Demand:Learn to incorporate custom holographic images and patterns into print, label, display and packaging to improve shelf impact, positioning, authenticity and security. 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. 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. As a 16-year franchisee of Pizza Hut, KFC, Taco Bell, Long John Silvers and 7-Eleven, Ampex will become a franchisor for the first time. 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. 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. We see a solid future for both Au Bon Pain and our broader portfolio, Ampex CEO Tabbassum Mumtaz said in a statement. To guide its expansion, the company is adding a slate of new leadership hires. We want to give the brand the energy it deserves, she said. Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. 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. Lines and paragraphs break automatically. Additionally, Brian Bacica has been hired as chief operating officer. Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. Once those existing cafs reopen and are performing well, Ampex Brands will begin expanding Au Bon Pain with corporate-owned locations. 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. We are looking at both models in our industry, said Mumtaz. Based in Boston, Au Bon Pain was created by Ron Shaich and his late partner Louis Kane in 1981. Of course, the most immediate goal is to customers back into existing restaurants, establishing post-pandemic habits to last into the future. View all newsletters from across the GlobalData Media network. When the deal first hit my desk, I thought the opportunity here is limitless, she says. & Pharmacy, Healthcare Au Bon Pain's 171 US locations will increase Ampex Brand's revenue by approximately 10% annually, the latter company said in a press release, without disclosing the value of the deal. It's a deal that also makes Ampex a franchisor for the first time in its 16-year history and gives it an international footprint. 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. . The acquisition also expands the companys footprint internationally. Jayne Juvan, M&A chair at Tucker Ellis, the law firm that represented Ampex through the acquisition process, was immediately excited about the possibilities this deal creates. We also see opportunity in its nontraditional locations, currently in transportation hubs, airports, universities and hospitals. Become a business insider with the latest news. Yum! We see a solid future for both Au Bon Pain and our broader portfolio, said Ampex CEO Tabbassum Mumtaz. 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.. Au Bon Pain reveals brighter and modernized new look - Restaurant Business 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. Design, CMS, Hosting & Web Development :: ePublishing. Web Exclusives | September 1, 2022 | Ben Coley Au Bon Pain Au Bon Pain has 186 shops worldwide, including 119 in the U.S. 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." 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. Panera, which purchased Au. Garza said the brand plans to continue its non-traditional approach throughout the U.S. and expand its domestic and international footprint. 2023 Smart Business Dealmakers. But again, were still looking at different opportunities.. Ampex Brands, a Yum! 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. a Businesses, Social 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. 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. Once existing cafs are reopened and executing with positive results, Ampex will kick off expansion efforts, starting with corporate-owned locations. We look at lots of different things. Most recently, she managed domestic traditional and nontraditional business as the senior franchise growth leader for Pizza Hut. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. The deal was finalized on June 29. To that point, PYMNTS research from the May edition of our Order to Eatreport created in collaboration withPaytronixfinds that more than 1 in 4 vaccinated restaurant customers would be encouraged to spend more on their food orders if the restaurant offered drive-thru pickup. As we open our cafes, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. I consent to Verdict Media Limited collecting my details provided via this form in accordance with Privacy Policy. In line with the acquisition, Ampex is bringing on a new management team to lead Au Bon Pain. The US is reopening, and our markets are coming back to life, Ms. Garza said. The company will now assume the role of the franchisor for the first time. As we open our cafs, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. Yum! Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. If you look at the bakery segment, business is coming back, whether its the corner bakeries of the world or Panera or any bakery concept you can think of, Ampex President and CEO Tabbassum Mumtaz told PYMNTS in an interview. Meanwhile, Beth Collins has been named as the first global chief marketing officer at Ampex Brands. We use cookies to provide you with a better experience. franchisee, buys the chain and creates a diverse team of franchise and operations experts to jumpstart the Au Bon Pain brand. Ann Gehan is a business reporter covering companies and economic topics. It was a deal that was just so easy to fall in love with it because you could just see that opportunity.. The seller was Panera Bread, part of. 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? Number 8860726. Ampex Brands has purchased bakery and cafe chain Au Bon Pain - Yahoo News As part of the transaction, Ampex will acquire Au Bon Pains 171 locations as well as franchising rights to an additional 131 locations. Panera, which purchased Au Bon Pain in 2017 . 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.. Ann Gehan. 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.. Bacica previously worked in food and beverage roles at Disneyland and Universal Studios and is the former CEO of PEAK Event Services. 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. Ms. Garza has spent her career growing franchising for both domestic and international QSR brands, casual dining and c-store segments. Ericka Garza, former senior franchise growth leader for Pizza Hut, will join Au Bon Pain as its brand president, and Brian Bacica will become the brands chief operating officer. As we open our cafs, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favourably for success. Ampex initially plans to focus on Au Bon Pains existing cafs in key markets in the Northeast and mid-Atlantic. The deal was finalized on June 29. She has previously reported for INDY Week in Durham, N.C. and the Concord Monitor in Concord, N.H. Ann is a graduate of Duke University, where she studied political science, economics, and journalism. Ampex Brands, a Yum Brands franchisee and 7-Eleven operator, in 2021 acquired Au Bon Pain from Panera Brands and started growing the brand again. The acquisition marks the first time in its history that Ampex will assume the role of franchiser. Beth Collins will become Ampex Brands first chief marketing officer, overseeing both ABP and Ampexs existing brands. Au Bon Pain Eyes Growth-Ready Future Under New Leadership With the completion of the deal, Au Bon Pains 171 locations are now part of the Ampex Brands portfolio and could increase the companys annual revenue by nearly 10%. The bakery caf category will rebound, and Au Bon Pain is well-positioned to grow.. June 30, 2021 3:28pm Updated Yum! The acquisition gives the company a foot in the door in the franchisor space as well as the operating company space as well. Au Bon Pain acquired by Yum! Brands subsidiary, Ampex Brands By visiting this website, certain cookies have already been set, which you may delete and block. DealTalk: Trends, Insights & Alternative Investments, SmartTalk: Inside The Minds of Top Business Leaders. As we open our cafes, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. To begin with, Ampexs Au Bon Pain makeover will focus on drive-thru, targeting consumers new post-COVID restaurant habits, and then branch out into other store models. 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. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? (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. The transaction includes 171 Au Bon Pain locations as well as franchising rights to an additional 131 locations. Brands franchisee Ampex Brands has acquired American fast casual restaurant and caf chain Au Bon Pain from Panera Bread subsidiary ABP Corporation. Ampex Brands acquires Au Bon Pain and plans to expand the chain We also see opportunity in its nontraditional locations, currently in transportation hubs, airports, universities and hospitals. Seizing on the return of the bakery caf, Ampex Brands, a franchisee founded in 2005 that operates close to 600 quick-service restaurants (QSRs) and convenience stores, is now becoming a franchisor the company recently announced that it has acquired bakery chain Au Bon Pain from parent company Panera Bread. Then, in 2017, Panera Bread, a subsidiary of JAB Holding Co., reacquired Au Bon Pain. Ampex CEO Tabbassum Mumtaz said: Our quick service restaurant (QSR) brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. Design, CMS, Hosting & Web Development :: From breaking news to R&D insights, well send you the top stories affecting the industry. In her new role, Ms. Collins will oversee brand responsibilities for both Au Bon Pain and Ampex Brands. The company will then begin expanding with new corporate-owned locations first, eventually bringing in new franchisees.
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