Bruegger's Enterprises, Inc. is a restaurant operator and subsidiary of the Luxembourg-based company JAB Holding Company. Bruegger's and its wholly-owned subsidiary Threecaf Brands Canada, Inc., are franchisers and operators of Bruegger's bakery-cafés, and Michel's Baguette.
 | |
 Original Bruegger's Bagels, Troy, New York | |
| Company type | Subsidiary |
|---|---|
| Industry | Restaurants |
| Founded | 1983 in Troy, New York |
| Headquarters | Burlington, VT, United States |
Number of locations | 190 (2021) |
Key people | Nordahl Brue, Founder Michael Dressell, Founder |
| Products | Fast casual/Bakery-café, including several varieties of bagels and muffins, hot & cold sandwiches, and coffee. |
| Revenue |  $254.5 million USD (2010) |
Number of employees | 3,374 full/part time |
| Parent | JAB Holding Company |
| Website | Brueggers.com |
Bruegger's Bagels produce approximately 70 million bagels each year, and they hold the Guinness World Record for producing the world's largest bagel.[1][2] The company is known for being the largest bakery of authentic New York style, kettle-boiled bagels in the U.S. with each location baking their 14 flavors of bagels on-site, each morning in small batches. Bruegger's also specializes in made-in-Vermont cream cheese, served in over 11 flavors. Aside from bagels, Bruegger's has a regular menu for dine-in, takeout, or delivery including: egg sandwiches, lunch deli sandwiches, muffins, cookies, side choices, as well as coffee, espresso drinks, iced drinks, tea, and soda. Bruegger's operates approximately 190 restaurants in 16 U.S. states and the District of Columbia.[citation needed]
Corporate history
editBruegger's was founded in 1983 by Nordahl Brue and Mike Dressell, with the first store opening in Troy, New York.[3]
The business was bought by Quality Dining (a franchisee) in June 1996 for $142 million in stock, with the founders joining the Quality Dining board. The merge was not a comfortable one; within a short period Brue and Dressell became concerned with the ongoing operations and scope for growth, leading to a critical U.S. Securities and Exchange Commission (SEC) filing alleging a lack of strategic direction. Holding a combined 26% stake, Brue and Dressell called for reorganization of Quality Dining, resulting in Bruegger's being resold to Brue and Dressel in October 1997 for $45 million.[4] Brue has since referred to the original sale as part of his "biggest mistake".[5]
In May 2003, James J. Greco and Sun Capital Partners acquired the company from the founders.[6]
Today, approximately 190 Bruegger's locations [7] operate in 16 U.S. states and the District of Columbia. The company is headquartered in Burlington, Vermont. Bruegger's announced $200 million in revenue in 2008.
On November 13, 2009, Bruegger's purchased the retail operations of Timothy's World Coffee, mmmuffins, and Michel's Baguette through a wholly owned subsidiary called ThreeCaf Brands Canada, Inc.[8] Bruegger's intends to continue operations of all three brands. The three brands combined operated approximately 140 locations.[9]
On March 17, 2011, Groupe Le Duff of France announced the buyout of Bruegger's. Le Duff already has a U.S. presence with its La Madeleine brand, which has 60 units domestically. Le Duff plans to "Francify" some Bruegger's locations, and will combine other units with Brioche Dorée outlets.[10] The first European Bruegger's opened in Rennes in 2013 (Paris and Toulouse in 2015).
In December 2011, James J. Greco announced he would be stepping down as CEO at the end of the year to pursue other opportunities.[10]
On August 24, 2017, it was announced that Bruegger's owner Le Duff America announced that Caribou and its privately held owner JAB Holdings had agreed to buy the bagel chain. The terms of the deal, which closed at the end of September, were not disclosed.[11] In December 2017 Bruegger's closed 30 locations, primarily in Eastern markets. [12]
In April 2018, Threecaf Brands sold Timothy's World Coffee and mmmuffins to Canadian company MTY Food Group for $1.7 million, of which $1.2 million was in cash, $0.2 million in assumed liabilities, and $0.3 million as a holdback.[13]
Subsidiaries
editMichel's Bakery Café
edit| Company type | Private |
|---|---|
| Industry | Restaurants |
| Founded | 1980 |
| Headquarters | Toronto |
Key people | Michael Bregman, Founder |
| Products | Breads Pastries Quiches Salads |
| Website | michelsbakerycafe |
Michel's Bakery Café, formerly named Michel's Baguettes,[14] is a Canadian bakery-café founded in 1980, operating restaurants throughout Canada.[15] The company is one of the largest bakery-café chains in Canada and operates both corporate and franchise locations.[16] The company was purchased by Timothy's Coffees of the World Inc. in 2001. Timothy's continued to operate the Michel's Bakery Café stores under their original trade name, Michel's Baguette. On November 13, 2009, Michel's Baguette was sold to Bruegger's Enterprises, Inc. along with Timothy's Coffee and mmmuffins through a wholly owned subsidiary called ThreeCaf Brands Canada Inc.[17] Bruegger's has continued to operate these chains.[18] The company has since revitalized its operations, revamped its aesthetics and changed its name to Michel's Bakery Café.[19]
World record
editOn August 27, 2004, Bruegger's created the world's largest bagel, which currently holds the Guinness World Record. The bagel weighed 868 pounds (394 kg) and required 1,100 pounds (500 kg) of dough, 900 US gallons (3,400 L; 750 imp gal) of water, and 10 hours of baking. It was cooked at the New York State Fair and was sliced and served to onlookers, who were encouraged to make donations to benefit local food banks.[20]
See also
editReferences
edit- ^ "Largest bagel". Guinness World Records. Retrieved April 15, 2020.
- ^ "Bruegger's Bakes World's Largest Bagel; 868-Pound Bagel is Guinness World Record". www.businesswire.com. August 27, 2004. Retrieved April 15, 2020.
- ^ Klein, Alec Matthew. "The bagel pops up as toast of the town Success story: After discovering bagels, an Iowan named Nordahl Brue is on the way to becoming the nation's biggest retailer of them". baltimoresun.com. Retrieved December 29, 2019.
- ^ "The bagel debacle". Thefreelibrary.com. Retrieved November 6, 2012.
- ^ "Nordahl Brue: My Biggest Mistake". Inc.com. March 1, 2000. Retrieved November 6, 2012.
- ^ "Down to business: Bruegger's, CEO part company | The Daily Gazette". dailygazette.com. January 5, 2012. Retrieved December 29, 2019.
- ^ https://www.brueggers.com/about-us/ Brueggar's website accessed on September 23, 2018
- ^ Nation's Restaurant News [dead link]
- ^ Canadian Timothys Archived March 5, 2010, at the Wayback Machine
- ^ a b Hausmann, Daniel (March 18, 2011). "Sun Capital Gets 13x Return After Bruegger's Turnaround". Wall Street Journal. Retrieved March 21, 2011.
- ^ Dan DeBaun, "Caribou Coffee buys Bruegger's Bagels", 'Minneapolis / St. Paul Business Journal', August 24, 2017
- ^ https://www.restaurantbusinessonline.com/financing/brueggers-closes-30-locations Restaurant Business Online, December 13, 2017 accessed September 23, 2018
- ^ "MTY completes the acquisition of Timothy's World Coffee and Mmmuffins" (Press release). Canada NewsWire. April 5, 2018. Retrieved March 13, 2019.
- ^ Restaurant Business. Restaurant Business. 1988. p. 200. Retrieved December 9, 2017.
- ^ Gould, A. (1986). The new entrepreneurs: 80 Canadian success stories. McClelland and Stewart-Bantam. pp. 14–15. ISBN 978-0-7704-2092-5. Retrieved December 9, 2017.
- ^ Bakery Production and Marketing. Gorman Publishing Company. 1988. p. 106. Retrieved December 9, 2017.
- ^ "Ontario Restaurant News - June 2016 by Ishcom Publications". issuu. June 8, 2016. Retrieved December 9, 2017.
- ^ [1][dead link]
- ^ "Michel's Bakery Cafe | Start the Day Right". Michelsbakerycafe.com. Retrieved December 9, 2017.
- ^ "Business wire report on record bagel". Businesswire.com. August 27, 2004. Retrieved November 6, 2012.