Panera franchisee acquires 29 units in Massachusetts

Panera franchisee acquires 29 units in Massachusetts

Operator continues refranchising efforts in deal with PR Management

Panera Bread Co. is continuing its refranchising efforts with PR Management Corp.’s recent announcement that it has acquired 29 company-owned units in Massachusetts.

The acquisition brings the total Panera holdings for PR Management Corp., based in Newton Lower Falls, Mass., to 64 units. PR Management already has Panera restaurants in Maine, Massachusetts and New Hampshire. The franchisee agreed to open 14 additional Panera units in those three states.

St. Louis-based

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