Panera considers its legacy to have begun in 1981 with the original
Au Bon Pain Co., co-founded by current Panera CEO Ron Shaich. In 1993, Au Bon Pain Co. purchased the
St. Louis Bread Company, which was founded by Ken Rosenthal in 1987. At the same time, the St. Louis Bread Company was renovating its 20 bakery-cafés in the St. Louis area. In May 1999, to expand Panera Bread into a national restaurant, Au Bon Pain Co. sold its other chains, including Au Bon Pain, which is now owned by Compass Group North America.
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