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7-Eleven, Yum! Brands franchisee acquires Au Bon Pain
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Au Bon Pain has a new owner.
On Wednesday, Ampex Brands — a Yum! Brands and 7-Eleven franchise owner — announced it has purchased Au Bon Pain from Panera subsidiary ABP Corporation.
According to the announcement, the deal was finalized on Tuesday.
Ampex already had more than 400 restaurants and convenience stores. Now that the deal has been finalized, Ampex will add 171 Au Bon Pain locations to its portfolio.
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The company will also be given franchising rights to 131 other locations, allowing the company to become a franchisor for the first time. The company already runs franchises of Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven.