Michel's Baguette
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|
| Subsidiary | |
| Founded | 1983 in Troy, New York |
| Headquarters | Burlington, Vermont, United States |
|
Key people
|
Nordahl Brue, Founder Michael Dressell, Founder |
| Products | Fast casual/Bakery-café, including several varieties of bagels and muffins, cold sandwiches, salads, and soups |
| Revenue |
 $254.5 million USD (2010) |
|
Number of employees
|
3,374 full/part time |
| Parent | Groupe Le Duff |
| Website | Brueggers.com |
| Private | |
| Industry | Restaurants |
| Founded | 1980 |
| Headquarters | Toronto |
|
Key people
|
Michael Bregman, Founder |
| Products |
Breads Pastries Quiches Salads |
| Website | michelsbakerycafe |
Bruegger's Enterprises, Inc., and wholly owned subsidiary Threecaf Brands Canada, Inc., are franchisers and operators of Bruegger's bakery-cafés, Timothy's World Coffee, mmmuffins, and Michel's Baguette.
They produce approximately 70 million bagels each year, and are the holders of the Guinness World Record for producing the world's largest bagel. The company also purveys foods such as breads, soups, sandwiches, coffee and specialty drinks. Bruegger's operates approximately 300 restaurants in 26 states, the District of Columbia, and Canada.
Bruegger's was founded in 1983 by Nordahl Brue and Mike Dressell, with the first store opening in Troy, New York.
The business was bought by Quality Dining (a franchisee) in June 1996 for $142 million in stock, with the founders joining the Quality Dining board. The merge was not a comfortable one; within a short period Brue and Dressell became concerned with the ongoing operations and scope for growth, leading to a critical U.S. Securities and Exchange Commission (SEC) filing alleging a lack of strategic direction. Holding a combined 26% stake, Brue and Dressell called for reorganization of Quality Dining, resulting in Bruegger's being resold to Brue and Dressel in October 1997 for $45 million. Brue has since referred to the original sale as part of his "biggest mistake".
In May 2003, James J. Greco and Sun Capital Partners acquired the company from the founders.
Today, approximately 300 Bruegger's locations operate in 26 U.S. states, the District of Columbia, and Canada. The company is headquartered in Burlington, Vermont. Bruegger's announced $200 million in revenue in 2008.
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Wikipedia