Ampex Brands has acquired the bakery and café chain Au Bon Pain


Yum! Brands and the 7-Eleven franchisee Ampex Brands have purchased the bakery and café chain Au Bon Pain, helping to expand its international reach.

Financial terms were not disclosed.

The seller was Panera Bread, which is part of the privately held JAB Holding Co., which owns various companies, including Pret a Manger. Another of his companies, Krispy Kreme, is expected to go public this week.

Ampex has more than 400 restaurants and convenience stores. The deal, which closed on Tuesday, makes the Richardson, Texas-based company a franchisor for the first time in its 16-year history. The transaction includes 171 Au Bon Pain locations as well as franchise rights on 131 additional locations.

“Our quick-service restaurant brands have performed extremely well throughout the pandemic as customers shifted to the drive-thru,” Ampex founder CEO Tabbassum Mumtaz said in a statement. “The café-bakery category will rebound and Au Bon Pain is well placed to grow.”

Au Bon Pain debuted in Boston in 1981. Initially, Ampex plans to focus on existing Au Bon Pain cafes in key markets in the Northeast and Mid Atlantic. Once existing cafes reopen and have seen positive results, Ampex will look to expand, starting with company-owned locations.


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