Yum Brands and 7-Eleven franchisee Ampex Brands have acquired bakery and cafe chain Au Bon Pain from JAB Holding-owned Panera Bread in a deal which includes about $60 million in assets. Ampex
Brands already owns and operates more than 400 locations of Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven locations. Ampex declined to disclose the Au Bon Pain deal’s value,
but said it included assets and franchise rights for 131 additional locations.
Read the whole story at The Wall Street Journal »
