Panera Brands Chairman: Innovation Needs to Improve the Business Model

“I’ll give you an important definition of innovation: I think innovation is meaningful only if it improves and strengthens the business model,” says Panera chairman Niren Chaudhary. More insights from a recent talk inside…along with video.

By Scott Kirsner · December 6, 2023 · 1 min read

Panera Brands includes not just its namesake fast-casual restaurant, Panera Bread , but also Einstein Bros. Bagels and Caribou Coffee. The company operates nearly 4,000 locations in 10 countries; it is owned by the privately-held German conglomerate JAB Holding Company . Niren…

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