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☆ The IPO market is looking very shaky and facing challenges galore
▼ + stars: | 2024-02-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The IPO market is looking very shaky and confronted with a host of challenges that are holding it back. Regardless, recent IPO performances have been poor across the board. IPO investors cheered the advance by bidding up the Renaissance Capital IPO ETF (IPO), a basket of recent IPOs, in December, assuming the IPO market would open up. CNBC's Jim Cramer, speaking early Thursday on Squawk on the Street , highlighted another obstacle for IPO buyers: investors are getting comfortable returns elsewhere with far lower risk. When David Faber asked why the IPO market was off to such a slow start with the markets so strong, Cramer replied, "I think it's the five percent solution," he said, referring to the ocean of money still sitting in money market funds.

Persons: Jay Powell's, Birkenstock, Smith Douglas, Amer, Greg Martin, Martin, Matt Kennedy, Kennedy, What's, Rainmaker, Del, CNBC's Jim Cramer, David Faber, Cramer Organizations: Amer, Wilson, NYSE, Smith Douglas Homes, BrightSpring, Renaissance Capital, Rainmaker Securities, Renaissance, Microsoft Locations: EBITDA, Squawk

☆ Panera’s Charged Lemonade has been the subject of multiple lawsuits. Why is it still on the menu?
▼ + stars: | 2024-01-27 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +7 min

New York CNN —Restaurant chain Panera Bread has faced three separate lawsuits in recent months claiming the high levels of caffeine in its Charged Lemonade led to the death of two customers and irreversible health complications in another. Lawsuits claim advertising was unclearBoth wrongful death suits allege the Charged Lemonade does not clearly advertise its high levels of caffeine , and does not provide a warning to customers. A large-size Charged Lemonade, which comes in a 30-oz cup, contains up to 236 mg of caffeine. Similarly, the second lawsuit, filed in December by the family of a 46-year-old man with a chromosomal deficiency disorder, ADHD and high blood pressure, claimed that the product was not properly labeled. The product description on the individual pages for each lemonade flavor now reads: “Contains caffeine.

Persons: James Haggerty, Haggerty, “, ”, Panera, Leonard’s Organizations: New, New York CNN, CNN, US Food and Drug Administration, FDA, Federal Food, Act, American Beverage Association, ABA Locations: New York, Connecticut, United States

☆ IPO watchers are pinning hopes for recovery on a strong stock market and the AI boom
▼ + stars: | 2024-01-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

Yet the main IPO ETF, the Renaissance Capital IPO ETF ( IPO ), has been for sale most of the month. "For the IPO market to open up, it would help not to have our IPO ETF down 9%," he said. Forge Global maintains a Private Market Index , a measure of 75 late-stage pre-IPO companies. "This tells you valuations are getting reset in the private market," Ng told me. Can AI save the IPO market?

Persons: Matt Kennedy, Homebuilder Smith Douglas, Don Short, Salomon, Wilson, Howe Ng, Ng, Del, Waystar, Kim Kardashian's, Short, Vincent Harrison Organizations: Renaissance Capital, Nasdaq, Amer Sports, Arc'teryx, Forge, SEC, Companies, Reuters, Auto, Turo, CNBC, Microsoft, Gaming, SpaceX, Forge Global Locations: Kazakhstan, IPOs, Pitchbook

☆ A woman claims Panera Bread's highly-caffeinated 'charged' lemonade gave her 'permanent' cardiac injuries, in a 3rd customer lawsuit about the beverage
▼ + stars: | 2024-01-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A woman says she has "permanent cardiac injuries" after drinking Panera's caffeinated lemonade, NBC reported. She said in a lawsuit that she drank two-and-a-half cups and now experiences brain fog, palpitations, and body shakes. It's the third lawsuit against Panera over its Charged Lemonade since October. AdvertisementA new lawsuit against Panera Bread claims that a woman has "permanent cardiac injuries" after drinking its caffeinated Charged Lemonade, NBC and other outlets reported. The drinks contain large quantities of sugar, though Panera also sells a Blood Orange Charged Splash, which is sugar-free but caffeinated.

Persons: Panera, —, Lauren Skerritt, palpitations, Skerritt, Elizabeth Crawford, Specter, Sarah Katz, Dennis Brown, Crawford, Katz Organizations: NBC, Service, Panera, Kline, US Food and Drug Administration, Red Bulls, Business Locations: Rhode Island, Skerritt, Florida, Panera

☆ There will be record CEO turnover this year, says top PwC boss
▼ + stars: | 2024-01-18 | by ( Lakshmi Varanasi | Cadie Thompson | ) www.businessinsider.com time to read: +4 min

Expect to see a record rate of CEO turnover this year, PwC's Tim Ryan said at Davos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We will see more turnover in the C-Suite in the next 12 months than we have ever," Tim Ryan, PwC senior partner, told Business Insider at the World Economic Forum in Davos , Switzerland this week. CEO turnover is already high. AdvertisementCorrection: Thursday, January 18, 2024 — This article has been updated to reflect Tim Ryan's current title, which is senior partner at PwC.

Persons: PwC's Tim Ryan, —, Tim Ryan, PwC, Ryan, you've, You've, isn't, Gray, Chris Licht, GameStop's Matthew Furlong, Jeff Shell, Ron Shaich, Tim Ryan's Organizations: Davos, Service, Economic, NBC, Economic Policy Institute, East Locations: Davos, Switzerland, PwC

☆ Panera founder says one of his biggest regrets is not firing people faster — and he's even received thank-you's afterward
▼ + stars: | 2023-12-26 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

Panera founder Ron Shaich says that he regrets not firing more people faster. Shaich writes in his book that he's even received thank-you letters from people he's fired. "I was too wrapped up in being a caring leader," Shaich says in his book. "And radical honesty is a much greater service to people than simply being kind," Shaich writes. Though firing an employee or colleague is unlikely to be particularly pleasant, Shaich says that he's actually received thank-you letters from people he's fired over the years.

Persons: Ron Shaich, Shaich, he's, — Organizations: Service

☆ Dud IPO market closes 2023 with a whimper for the second year in a row
▼ + stars: | 2023-12-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

Another year, another lousy IPO market. The 2023 IPO market is closing with a whimper, not a bang. You'd think the IPO market would be bubbling, but it's dead quiet. Source: Renaissance Capital For a good part of the year, the excuse was interest rates were rising, the market was too volatile, and the after market performance of 2023 IPOs was terrible. The November rally is too little too late to save the IPO market Unfortunately, it all came a little too late to rescue 2023.

Persons: Birkenstock, You'd, Rivian, Doordash, IPOs, Matt Kennedy, Don Short, you've, haven't, confidentially, Waystar, Kim Kardashian's, Musk, Howe Ng, Ng, Kyle Stanford, Instacart, it's, James Ulan, Stanford, Pitchbook, Greg Martin Organizations: Renaissance, That's, IPOs, Hertz, Sotera, ARM, Renaissance Capital, Klarna, Microsoft, Forge Global, Bloomberg, SpaceX, Nvidia, Rainmaker Securities Locations: Pitchbook

☆ Panera hit with another wrongful death suit over caffeinated lemonade
▼ + stars: | 2023-12-05 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

A loyal Panera customer, he started regularly ordering “charged lemonade” in late September, according to the suit. The complaint resembles another wrongful death suit filed earlier this year by the parents of Sarah Katz, a 21-year-old woman who died in September 2022 after drinking Panera’s charged lemonade. “Panera Charged Lemonade is a juice beverage marketed to children and adults alike,” the suit claims. Katz, who died last year, may have believed the caffeinated drink was regular lemonade, her parents alleged in the suit they filed against Panera. Now, a 30-ounce charged Panera drink has no more than 237 milligrams of caffeine, according to Panera’s site.

Persons: New York CNN —, Dennis Brown, Brown, Sarah Katz, Katz, Panera, “, Brown’s, Kline, Specter, ” Panera, — CNN’s Eva Rothenberg Organizations: New, New York CNN, ”, CNN, Food and Drug Administration Locations: New York

☆ Panera Bread reportedly files to go public again through IPO
▼ + stars: | 2023-12-01 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Panera Bread has confidentially filed to go public again, the Financial Times reported. The restaurant chain, known for its soups, sandwiches and bagels, has been signaling for months that it's looking to go public through an initial public offering. In May, Panera announced a CEO transition and said the leadership changes were "in preparation for its eventual IPO" — amid a two-year IPO drought that ended in the fall. Mediterranean restaurant chain Cava , whose chair is Panera founder Ron Shaich, was among the trickle of companies that went public this year. JAB also tried to take Panera public again that year.

Persons: Panera, Ron Shaich, Panera isn't, Shein confidentially, Skims, Danny Meyer's Organizations: Financial Times, Investors, Bloomberg, CNBC, Yum Brands, Panera's, Financial, CNBC PRO Locations: Cava, Rye

☆ Amazon wants businesses to use its palm-scanning tech to let employees into the office
▼ + stars: | 2023-11-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon is expanding its palm-scanning technology beyond grocery stores and is rolling out a version that's designed for the business world. Companies already signed up for the biometric technology include IHG Hotels and Resorts, turnstile manufacturer Boon Edam, and Kone, an escalator and elevator provider. Amazon didn't disclose pricing for the service, which is available in preview in the U.S. starting Monday. Advocacy groups have criticized the service over privacy and security concerns, arguing it leads to increased surveillance. Earlier this month, Amazon debuted Astro for Business, a version of its household robot that it's framing as a roving security guard for businesses.

Persons: Edam, Kone, Dilip Kumar, It's Organizations: Companies, Resorts, Amazon, Foods, Sports, Business Locations: U.S

☆ Panera founder says the idea of 'swashbuckling' entrepreneurs finding success from taking big risks is 'a myth'
▼ + stars: | 2023-11-26 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

Panera founder Ron Shaich says that successful entrepreneurs are opportunists, not risk-takers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "The swashbuckling entrepreneur of popular imagination is just a myth and rarely succeeds," Shaich writes in his new book, "Know What Matters: Lessons from a Lifetime of Transformations." Shaich uses this anecdote to point toward what he calls a "misunderstood fact about successful entrepreneurs and creators." "Successful entrepreneurs and creators seeing can feel this opportunity that nobody else can," Shaich says.

Persons: Ron Shaich, Shaich, —, Bon, that's, it's Organizations: Service, Harvard

☆ Why Panera's founder says you should 'focus on your obituary, not your resume' as a tool for success
▼ + stars: | 2023-11-25 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

Panera founder Ron Shaich uses an exercise he calls a "pre-mortem" to define his values and goals. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementEvery year, for the past 30 years, Panera founder Ron Shaich sits down and writes his own obituary. "That process came from life to business, and that's how I ran my companies," Shaich told BI. "As a result of observing my parents as they passed, I am committed to living more consciously and intentionally during my time on Earth," Shaich writes in the book.

Persons: Ron Shaich, Shaich, — Organizations: Service, Business

☆ Panera's founder once threw a loaf of bread at his executive's head as an 'unconventional' management tactic
▼ + stars: | 2023-11-25 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

Panera founder and ex-CEO Ron Shaich once threw a baguette at an executive's head in frustration. Shaich told Insider he was trying to point out issues the company was having with its bread quality. Shaich told Business Insider in an interview that the target of the thrown loaf was the company's COO at the time, Mark Borland — who Shaich also said was his close friend. Advertisement"It was in a real meeting, a couple hundred — like 250 people in the room" Shaich told BI. Shaich cofounded Au Bon Pain, of which Panera Bread became a division, in 1981.

Persons: Ron Shaich, Shaich, —, Elon, Ray Dalio, Mark Borland —, Panera, Borland Organizations: Service

☆ ‘The Cashier’s Expression Saved Me From Having to Ask the Obvious’
▼ + stars: | 2023-11-19 | by ( ) www.nytimes.com time to read: 1 min

ImageEarning PointsDear Diary:I was in line at a Panera Bread shop in Queens. A woman in front of me took out her phone and began snapping photos of receipts that had been left on the counter by other customers. The cashier’s expression saved me from having to ask the obvious. And being in charge of my mother’s S&H Green Stamps books, I never let stray stamps lie on the floor at the A&P. Once the woman had her pictures, she got herself a big cup of hazelnut coffee, and I stepped up to place my order.

Persons: ” Organizations: Raleigh, Green Locations: Queens, Rego Park

☆ The IPO market has grown quiet again. Here's what is behind the shift in sentiment
▼ + stars: | 2023-11-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

"That was a big wet blanket" for the IPO market, Greg Martin from Rainmaker Securities told me. Buy now, pay later firm Klarna, another oft-mentioned IPO candidate, told CNBC it has no immediate plans to go public. This is in stark contrast to most years, when big IPOs went public in November and December. A month earlier, in November 2020, Sotera Health raised $1.1 billion, and Miravai Life Sciences raised $1.6 billion. By contrast, a normal year should see at least $50 billion raised.

Persons: Don Short, Matt Kennedy, Greg Martin, IPOs, Klarna, Rivian, Hertz, Braze, Sweetgreen, Allbirds, Airbnb, Doordash, it's fizzling, Instacart, Kennedy, Homebuilder Smith Douglas, Morgan Stanley, there's Organizations: New York Stock Exchange, NYSE, Renaissance Capital, Rainmaker Securities, Wall Street Journal, CNBC, Bloomberg, Sciences, Renaissance, That's, IPOs, Healthcare Locations: Cava, U.S

☆ The best and worst restaurant chain apps, from Starbucks to McDonald's
▼ + stars: | 2023-11-06 | by ( Nancy Luna | ) www.businessinsider.com time to read: +11 min

We can order food, earn rewards, and find unique online-only offers. McDonald'sAfter lagging behind rivals for years, the chain's app now has over 57 million active members. That feature has been around since Dunkin's mobile app first launched in August 2012. The chain first began testing mobile ordering in a handful of markets in 2009 before going national in 2011. For example, the Chipotle app gives you uber-specific portion size choices such as "normal," "extra" or "light' servings.

Persons: —, Taco Bell, Dunkin, Taco, Brian Niccol, it's, Wendy's, Burger King, Domino's, They've, I'm, Joe, Chipotle Organizations: Starbucks, Service, Subway Subway, Subway, Restaurant, Taco Bell, Burger, Chipotle Locations: Cava, Burger

☆ Panera Bread founder credits his $7.5 billion success to a simple tactic: Writing his own obituary
▼ + stars: | 2023-11-03 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Ron Shaich spent roughly two decades building Panera Bread into nationwide behemoth, ultimately selling it for $7.5 billion in 2017. The Panera co-founder, 69, credits that success to a simple practice, which he did — and still does — once per year, he tells CNBC Make It: writing a "pre-mortem." Between Christmas and his December 30 birthday, Shaich dedicates a day or two to visualize himself at the end of his life, he says. He writes a news story, obituary or journal entry from that hypothetical future, looking back on his own endeavors, listing only the most important accomplishments. Then, he maps out how to get from his current state to that future version of himself.

Persons: Ron Shaich, Shaich, Reddit, Alexis Ohanian, it's, I'd Organizations: behemoth, CNBC

☆ Panera Bread warns people 'sensitive to caffeine' not to drink its Charged Lemonade following wrongful-death lawsuit
▼ + stars: | 2023-10-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Panera Bread is warning consumers "sensitive to caffeine" not to drink its Charged Lemonade. AdvertisementAdvertisementPanera Bread is making it clear that its Charged Lemonade is best enjoyed in moderation. Since the lawsuit, more people have come forward on social media with anecdotes and warnings about the Charged Lemonade. One TikToker, Sarah Baus, said she drank multiple cups of Charged Lemonade before realizing how much caffeine one serving contained. A large 30-ounce Charged Lemonade has about 390 milligrams of caffeine, according to the posted nutritional facts.

Persons: —, Panera, lemonades, Sarah Baus, Red Bull Organizations: Service, Food and Drug Administration, NBC News, Getty, FDA

☆ Panera now displaying warning about its caffeinated lemonade in all stores after lawsuit over customer's death
▼ + stars: | 2023-10-29 | by ( Elizabeth Chuck | ) www.cnbc.com time to read: +5 min

A large Charged Lemonade contains 390 milligrams — nearly the 400-milligram daily maximum of caffeine that the Food and Drug Administration says healthy adults can safely consume. The legal complaint called Charged Lemonade a "dangerous energy drink" and argues that Panera failed to adequately warn consumers about its ingredients, which also include guarana extract, another stimulant. The caffeine content of Panera's Charged Lemonade has always been listed in-store, Panera said. Katz had gotten a large Charged Lemonade hours before she died, and had had at least one Charged Lemonade in the days prior, according to Victoria Rose Conroy, Katz's roommate and close friend. Crawford said if Charged Lemonade is going to remain on the menu, it should be less accessible to customers.

Persons: Sarah Katz, Panera, Red Bull, Elizabeth Crawford, Kline, Specter, Katz, Victoria Rose Conroy, Katz's, Conroy, Sarah, Crawford, shouldn't Organizations: NBC News, Ivy League, and Drug Administration, FDA, Katz's University of Pennsylvania, Panera, Sip Locations: North America, Philadelphia, Katz's

☆ Panera Bread founder says he thought it would be easier to be 'hit by a truck' during the chain's stressful 2015 overhaul
▼ + stars: | 2023-10-29 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Panera founder Ron Shaich spoke about tough moments he faced as a leader in a recent interview. There was so much pressure he thought it would be easier to "get hit by a truck." But the company's overhaul in 2015 was one the most stressful periods of his tenure, Shaich said in a recent interview with The Profile. And he said he remembers thinking to himself, "My god, it'd be just easier if I got hit by a truck." Shaich, who founded Panera Bread in 1987 and took the company public in 1991, stepped down as the company's CEO in 2018 .

Persons: Ron Shaich, Shaich, —, it'd, He's, Tatte Organizations: Service Locations: America, Boston, Manchester, Cava

☆ McDonald's tried to buy Panera Bread, and 5 other reveals from founder Ron Shaich's book
▼ + stars: | 2023-10-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

McDonald's tried to buy PaneraMcDonald's expressed interest in buying Panera in the early 2000s, Shaich writes. More than a decade after meeting with McDonald's, Shaich started seriously considering selling Panera as he prepared to step down from the business. Shaich writes in the book that he never really left, staying active as executive chair of the company, before he rejoined as a co-CEO in 2012. Shaich writes that he knew at the time that he would retire, but he hadn't yet announced it. Shaich writes that Panera received a patent to use video to review the accuracy of sandwich orders.

Persons: Ron Shaich, Scott Mlyn, Shaich, Louis, Panera, that's, McDonald's, Bill Moreton, wasn't, Donatos, Howard Schultz, David Ryder, Schultz, Au Bon, Steve Ells, Jerry Cleveland, Obama, hadn't Organizations: CNBC, Clark University, Louis Bread Company, Grill, Boston, Starbucks, Reuters Starbucks, Denver Post, Getty, Obama Locations: Boston, Seattle, Panera, India, aren't

☆ Fmr. Panera Bread CEO Ron Shaich sits down with Jim Cramer
▼ + stars: | 2023-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Panera Bread CEO Ron Shaich sits down with Jim CramerFmr. Panera Bread CEO Ron Shaich joins 'Mad Money' host Jim Cramer to talk his new book 'Know What Matters'.

Persons: Ron Shaich, Jim Cramer Fmr, Jim Cramer

☆ Panera Bread’s Charged Lemonade Is Linked to Death in Lawsuit
▼ + stars: | 2023-10-24 | by ( Amanda Holpuch | More About Amanda Holpuch | ) www.nytimes.com time to read: +1 min

A college student with a heart condition died after she drank a heavily caffeinated drink from Panera Bread, likely thinking it had a safe amount of caffeine, her parents said in a lawsuit filed on Monday. The lawsuit said that the company “failed to properly warn” customers about the potential dangers of its Charged Lemonade and misleadingly marketed the drink as “clean,” even though the large size has more caffeine than a 12-ounce Red Bull and a 16-ounce Monster Energy Drink combined. The student, Sarah Katz, 21, drank Panera’s Charged Lemonade in September 2022, and died later that day, according to the lawsuit, filed in the Philadelphia Court of Common Pleas. Ms. Katz’s heart condition, Long QT Type 1 Syndrome, affects the electrical system that controls a person’s heartbeat, the complaint said. She was diagnosed with the condition when she was 5 years old, took daily medication and avoided energy drinks and other highly caffeinated beverages, the complaint said.

Persons: Sarah Katz Locations: Philadelphia

☆ Panera Bread founder Ron Shaich says most CEOs end up regretting taking companies public
▼ + stars: | 2023-10-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Panera Bread founder Ron Shaich led a public company for more than two decades, but that doesn't mean he's a fan of initial public offerings or Wall Street. Ironically, Panera Bread is mulling an IPO, but Shaich, who is no longer involved with the chain, directs his advice toward founders. Even as Au Bon Pain bought St. Louis Bread Company, renamed it Panera Bread and then shed Au Bon Pain to focus on Panera's growth, Shaich's company was publicly traded. "The reality is for 90% of the CEOs that take a company public, they live to regret it," Shaich told CNBC. "Cava is a company that will succeed as a public company.

Persons: Ron Shaich, Shaich, Cookie, Bon Pain, Louis, Cava, Brett Schulman, Sweetgreen hasn't, Panera, Danny Meyer's Organizations: III Holdings, Louis Bread Company, CNBC, Wall Street Locations: Cava

☆ Panera Bread hit with lawsuit alleging a college student went into cardiac arrest and died after drinking its 'Charged Lemonade'
▼ + stars: | 2023-10-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

A college student went into cardiac arrest and died after drinking a 'Charged Lemonade,' a lawsuit alleges. AdvertisementAdvertisementThe parents of an Ivy League student are suing Panera Bread, alleging that their daughter went into cardiac arrest and died several hours after drinking a "Charged Lemonade" from the chain. According to the lawsuit, Katz had lived with a heart condition called long QT syndrome type 1 since the age of 5 and stayed away from energy drinks. The legal complaint was filed in the Philadelphia County Court of Common Pleas on Monday morning and it accuses Panera Bread of wrongful death. Panera's charged lemonade went viral on TikTok and X in December 2022 as consumers compared the drink to stimulants like Adderall.

Persons: Panera, —, Sarah Katz, Katz, Victoria Rose Conroy, Conroy, Red Bull, Elizabeth Crawford, Kline, Specter, Sarah Baus Organizations: Service, Ivy League, University of Pennsylvania, NBC News, NBC, CNN, Panera's Locations: Philadelphia

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