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Panera Backs Off Of Plans To Go Public

Panera is taking a step back from moves it made that were putting it on the path to an IPO. “At least five restaurant chains went public last year, and a number of others, including Panera, filed initial paperwork or were rumored to go public,” per Restaurant Dive. “But inflationary conditions, which have included rising food and gas prices, have eroded profitability across the industry.”

Read the whole story at Restaurant Dive »

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