Southeast Missouri Business NEWS & VIEWS...
PANERA BREAD TO RELOCATE
TO NEW LOCATION
William St. & Mount Auburn Road - Cape Girardeau, Missouri
Panera Bread will relocate it's restaurant in Cape Girardeau from West Field Mall to a new free-standing location at S. Mount Auburn Road and William Street. The new location will be substantially larger than the mall location and allow the restaurant to have a drive-through facility
The
Panera Bread legacy began in 1981 as Au Bon Pain Co., Inc. Founded by Louis Kane
and Ron Shaich, the company prospered along the east coast of the United States
and internationally throughout the 1980s and 1990s and became the dominant
operator within the bakery-cafe category.
In 1993, Au Bon Pain Co., Inc. purchased Saint Louis Bread Company, a chain of
20 bakery-cafes located in the St. Louis area. The Cape Girardeau location was
included in that purchase. The company then managed a comprehensive re-staging
of Saint Louis Bread Co. Between 1993 and 1997 average unit volumes increased by
75%. Ultimately the concept's name was changed to Panera Bread.
An early 2006 opening of the new Cape Girardeau location is anticipated. The new Olive Garden also under construction is also next door.
To Contact Tom Kelsey: tom@tomkelsey.com
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