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Blockbuster restaurant deal
Panera Bread has been acquired by a European firm with a growing U.S. presence. The fast-casual bakery/café brand has agreed to be acquired by JAB Holding Company, the investment arm of the Reimanns of Germany, for $7.5 billion, including the assumption of about $340 million in debt. JAB’s U.S. holdings include Krispy Kreme Caribou Coffee, Einstein Noah Restaurant Group Inc., Peet's Coffee & Tea, and Keurig Green Mountain. -
New York town calls on big data to find retailers for $4 billion project
Officials in New Rochelle, New York, want the right kind of retail partners for an aggressive redevelopment of its downtown, and it’s counting on big data to ferret them out.
The town has engaged Fort Worth-based Buxton to employ its Scout real estate analytics platform to identify restaurants and stores that will best synch with the dining and shopping habits of its residents.

