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Panera Bread joining Danny Meyer's food empire
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Panera is about to make some bread.
The restaurant chain’s parent company, Panera Brands, announced that restaurateur Danny Meyer and his hospitality business will be investing in the company and taking a new leadership role. The move comes as Panera Brands is preparing for its IPO.
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USHG Acquisition Corp., sponsored by the Union Square Hospitality Group, LLC, will become a cornerstone partner with Panera Brands. According to a press release, Danny Meyer will become the Lead Independent Director of Panera Brand’s board once the IPO is completed.