Richmond Heights, Mo., Nov. 1 - Panera Bread today announced a new agreement with Delta Dough, Inc to develop bakery-cafes in the Memphis area, including areas of northern Mississippi. Under the conditions of the new agreement, the franchisee will open 12 bakery-cafes.
Delta Dough, Inc is owned by Rick and Rosemary Postle, who currently operate 8 Panera Bread locations in Virginia under the name Blue Ridge Bread, Inc. They became Panera franchisees in 2004, while Rick has contributed to the company since 1995.
"We have enjoyed a long-standing relationship with Rick, Rosemary and the entire Postle family," said Ron Shaich, Panera Bread Chairman and CEO.
"They are valued members of the Panera team, and it's wonderful to see their business expand into new markets."
"We are excited about our expansion into the Memphis area," said Rick Postle. "We have enjoyed tremendous success in Virginia and look forward to the opportunity to broaden our reach and bring Panera to even more communities."