Published 1 day ago • loading... • Updated 19 hours ago
Panera Plans to Move Headquarters From St. Louis Area to Boston Suburb, Internal Memo Shows
CEO Paul Carbone said the move will align teams behind Panera RISE as the company targets $7 billion in annual sales.
Panera Bread will relocate its corporate headquarters to Weston, Massachusetts, by July 2027, ending the restaurant chain's long-standing corporate presence in St. Louis.
CEO Paul Carbone announced the move as part of the "Panera RISE" turnaround strategy, aiming to boost annual sales to $7 billion while refreshing menu and operations.
While the company will maintain a "support center" in St. Louis, Carbone wrote that many employees and remote teams will eventually relocate to Weston to align operations.
Panera joins a growing list of companies moving their headquarters to Greater Boston, including The LEGO Group, Dynatrace, and Hasbro, as the region attracts major corporations.
Founded in 1987 as the St. Louis Bread Co., Panera now operates more than 2,250 locations across the United States and Canada amid efforts to reverse years of slumping sales.