Will Consumers Pay $50 for Drugstore Brand Sunscreen? That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. We use cookies to provide you with a better experience. 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. & Pharmacy, Healthcare Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. Deep 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. Yum! Once those existing cafs reopen and are performing well, Ampex Brands will begin expanding Au Bon Pain with corporate-owned locations. 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Design, CMS, Hosting & Web Development :: Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. The U.S. is reopening, and our markets are coming back to life, she said. Car, Buy June 30, 2021 3:28pm Updated Yum! Au Bon Pain Bought by Restaurant Franchisee Ampex. I consent to Verdict Media Limited collecting my details provided via this form in accordance with Privacy Policy. 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. That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. Save up to $15 with TurboTax coupon May 2023, Epic Bundle - 3x Expert Stock Recommendations, 15% Off DIY Online Tax Filing Services | H&R Block Coupon, 10% TopResume Discount Code for expert resume-writing services, Groupon Deal of the Day - July: Up to 91% Off w/ Groupon Coupon. To guide its expansion, the company is adding a slate of new leadership hires. Ampex will ramp up existing Au Bon Pain caf sites, with an initial focus on its key markets in mid-Atlantic and northeastern states. Au Bon Pains 171 locations will join the Ampex Brands family and increase the companys revenue by approximately 10 percent annually. When the deal first hit my desk, I thought the opportunity here is limitless, she says. She says a deal such as this one has a lot of potential suitors. a As part of the transaction, Ampex will acquire Au Bon Pains 171 locations as well as franchising rights to an additional 131 locations. Today, the company boasts revenues of nearly half a billion dollars, with aggressive growth plans to expand into additional corporate-owned, franchisor businesses. That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. As part of the transaction, Ampex will acquire Au Bon Pains 171 locations as well as franchising rights to an additional 131 locations. Payments, More By visiting this website, certain cookies have already been set, which you may delete and block. Lines and paragraphs break automatically. Au Bon Pains new leadership will also include Brian Bacica as chief operating officer. She noted the chains existing three Market Fresh restaurants, which emphasize the brands baked goods, as one example of the sort of different restaurant models that the company will experiment with going forward. Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. The company will now assume the role of the franchisor for the first time. Ampex expects the acquisition to boost its current annual revenues of nearly $500 million by approximately 10%. Ampex Brands, a Yum! Au Bon Pain to open new bakeries in Indochinese countries, Au Bon Pain to remodel its bakery-cafes in 2023, The Changing Rules of DSD in Todays Market, Canada Bread settles price-fixing allegations. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. The Richardson-based company announced Wednesday that it had finalized a deal to acquire Au Bon. The deal was finalized on June 29. Peyton Manning and Papa Johns Franchise: The Full Story, The Rise, Fall and Reinvigoration of Friendlys. Web page addresses and e-mail addresses turn into links automatically. Hit play on the podcast below to check out the full conversation. The US is reopening, and our markets are coming back to life, Ms. Garza said. 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. Garza said the brand plans to continue its non-traditional approach throughout the U.S. and expand its domestic and international footprint. Based in Boston, Au Bon Pain was created by Ron Shaich and his late partner Louis Kane in 1981. Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favorably for success. DALLAS Ampex Brands, a Yum! Yum! Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. The deal was finalized on June 29. Brands franchisee Ampex Brands has acquired American fast casual restaurant and caf chain Au Bon Pain from Panera Bread subsidiary ABP Corporation. The deal, which closed Tuesday, June 29, 2021, makes Ampex a franchisor for the first time in its 16-year history. That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. Au Bon Pain acquired by Ampex Brands | 2021-07-06 | Snack Food Ms. Garza has spent her career growing franchising for both domestic and international QSR brands, casual dining and c-store segments. 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. 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. The bakery caf category will rebound, and Au Bon Pain is well-positioned to grow.. Based in Boston, Au Bon Pain was created by Ron Shaich and his late partner Louis Kane in 1981. Ampex operates more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver's and 7-Eleven. First, Ampex is looking to build out its infrastructure and nail down its plans for the brand. 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. We use cookies to provide you with a better experience. As the economy continues to reopen, Mumtaz expects cafes and bakeries to gradually recover and become a growing segment. 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. Visit our updated. Intelligence, Connected 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. Artifical 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. 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.. As consumers mobility increases, breakfast on-the-go is coming back. 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Ampex Brands acquires Au Bon Pain Photo: Au Bon Pain 07.01.2021 By Eric Schroeder DALLAS Ampex Brands, a Yum! View all newsletters from across the GlobalData Media network. The financial details of the deal have not been divulged. As we open our cafs, Au Bon Pains brand reputation, loyal following, strong real estate and menu position the brand favourably for success. Ampex Brands Acquires Au Bon Pain | Business Wire Beth Collins will become Ampex Brands first chief marketing officer, overseeing both ABP and Ampexs existing brands. Yum! /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. and 7-Eleven franchisee, acquires Au Bon Pain. Brands and 7-Eleven franchisee Ampex Brands has purchased bakery and cafe chain Au Bon Pain, helping to expand its international reach. Beth Collins will serve as Ampex Brands first global chief marketing officer, overseeing brand responsibilities for both Au Bon Pain and Ampex Brands. 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%. All rights reserved. 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. Ohio University Music Camp,
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