This national chain fighting Bakery was just rescued
The city dwellers may love that an unexpected buyer has intervened to develop this mark in an unprecedented way.
The main coffee chains that were founded in the 1970s thinkStarbucks, As well as others, have increased considerably in the last five years to become American staples. The pandemic certainly moistened this status for some, especially the coffee marks that had not sustained quite fairly loyal Followings strongly in this decade (contrary to Starbucks). Fortunately, after several years of wading, well knownFrench-American bakery The chain narrowly escaped its final fate. An unexpected fast food franchisee intervened not only to resuscitate this popularbakeryBut to give him a new life.
The legend is that the manufacturer of French bakery equipment,Tackle, Established for the good bread in Boston in 1976 as a piece of exhibition to demonstrate the usefulness of their equipment. Good bread has increased gradually in the 1970s with places in New York and Hackensack, New Jersey. Although it was not really known as a particularly massive source of income, in 1993 to the good bread was acquired by the predecessor of Parara Bread, St. Louis Bread Company.
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Even from this point, the brand, which with the good bread of the pieces is like "the coffee of the bakery" -Intez would become much more than a shaker ... move and if itis Widely considered a reliable device when city inhabitants and airport travelers have a desire for growing or basic coffee. In recent years, many Americans have seen their locations nearby to good bread disappear completely or be converted to Panera stores. Today, it is reported that good bread currently has 171 locations across the United States, mainly in city center and airports, as well as nearly 80 others in India and Thailand. In recent years, rumors swirls to suggest the bakery chain was not high on consumer radars, while the tidal shifting of the pandemic had surely had an impact too.
However, just as some spectators predicted that the good bread was on the collapse, a buyer intervened.diving Reported that the Tuesday amp Brands closed to the purchase of good bread.
Ammex Brands is a franchisee ofYum brands, Which is the company owned by Taco Bell, Pizza Hut and KFC. With their company Yum brand combined with several places 7-Eleven, it is reported Ammex Brands passes 400 restaurants and local shops. TheThe Wall Street newspaper Reported that the purchase of AMMEx brand bread includes about $ 60 million in assets.
It's a departure of Ambex Fast Food convenience has transformed annual business of $ 500 million to date, but the company said they will use the right bread to provide "superior quality food that is also good for You "to customers who are looking for a snack at any time of the day.
What does it mean for the fans of good bread? We do not know how many current locations will remain active, but it actually seems like the new owner is cooking plans to take the brand more. Ampex itself frank to good bread on a reported 131 potential locations, starting with good bread growth along the east coast, taking places like hospitals, university campuses and transport centers. It seems that the partnership could also see the products sold for good bread in some of the 7-Eleven Ampex stores.
CEO AMPEX TABBASSUM MUMTAZ said that the loss of Panera is the gain of his company, calling for the acquisition of pain at the right "a great opportunity to reposition a historic mark. Mumtaz added: "The category of coffee from the bakery will bounce, and the good bread is well placed to grow. »
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