Panera Bread founder Ron Shaich says most CEOs end up regretting taking companies public
Publishing timestamp: 2023-10-24 07:00:01
Summary
The article discusses Ron Shaich's new book, "Know What Matters," which recounts his career as the founder of Panera Bread and offers advice to aspiring entrepreneurs and CEOs. Shaich cautions against going public and shares his skepticism about raising capital from venture funds and the public market. He also discusses his venture firm, Act III Holdings, and its investment in Cava. While Shaich is confident in Cava's success as a public company, he criticizes other recent restaurant IPOs, such as Sweetgreen. The article also mentions Panera Bread's potential IPO, but Shaich declines to comment on it.
Sentiment: MIXED
Keywords: cava group inc, restaurants, breaking news: business, sweetgreen inc, business news, business, food and drink, retail industry,
Source: https://www.cnbc.com/2023/10/24/panera-bread-founder-ron-shaich-new-book-criticizes-ipos.html