Flynn Restaurant Group LP recently purchased 47 Panera Bread locations in Washington and Northern California. This is the third big restaurant brand that the San Francisco-based franchise group has acquired. They believe Panera Bread will fit well with their portfolio of fast-casual brand restaurants such as Applebee’s and Taco Bell. With the new additions, Flynn Restaurant Group now has 729 locations and is expected to receive $1.7 billion in annual sales.
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Story Source: Nation’s Restaurant News