Food Magazine June 2018 | Page 77

LAVAZZA $ 2.4BN

The oldest company to grace this list – and by a fair stretch , too – Lavazza was founded as a family business in Turin in 1895 and is now run by third and fourth generations of the Lavazza clan . With a revenue reaching $ 2.4bn , the company has a fleet of coffee shops and storesold coffee beans in 90 countries . The brand is championed as “ Italy ’ s Favourite Coffee ”, with 16mn out of 20mn families in Italy choosing the brand – according to Lazada .
HTTP :// WWW . LAVAZZA . COM

PANERA BREAD $ 2.8BN

Founded in Missouri as St . Louis Bread in 1987 , the firm was bought by Au Bon Pain Co . in 1993 , transforming it to Panera ( Latin for ‘ bread basket ’) in 1997 . Au Bon Pain Co . sold its other chains ( including its eponymous coffeehouse , Au Bon Pain ), and Panera went stratospheric . In an odd twist , the company was acquired by JAB Holding in

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April 2017 , and late last year Panera struck a deal to buy Au Bon Pain , with the amount of dough involved in the deal remaining undisclosed – we do know , however , that Panera boasts a revenue of $ 2.8bn .

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