Panera Bread Co., the bakery-cafe operator known locally as Saint Louis Bread Co., has walked away from a deal that would’ve involved becoming a public company again through a partnership with restaurateur and St. Louis native Danny Meyer's special purpose acquisition company (SPAC).
Panera Brands, a privately held company that includes the Panera Bread, Caribou Coffee and Einstein Bros. Bagels, said the two groups have scrapped the deal, announced in November 2021, “in light of unfavorable…
