Ampex Brands, a franchisee of Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven stores, has acquired Au Bon Pain from ABP Corporation, a subsidiary of Panera Bread.
Ampex intends to apply its successful operating strategy to ramp up Au Bon Pain’s existing locations, starting in key markets for the brand in the Northeast and mid-Atlantic. Au Bon Pain’s 171 locations will increase Ampex’s footprint to nearly 600 outlets and annual revenue for the group is expected to increase by around 10 per cent.
“We see a solid future for both Au Bon Pain and our broader portfolio,” said Ampex CEO Tabbassum Mumtaz. “Our QSR brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru. That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. The bakery café category will rebound, and Au Bon Pain is well-positioned to grow.”
