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Panera was born in St. Louis. Today, its headquarters is moving to the Boston area under JAB Holding Company. It’s another reminder of how private equity and global investment firms can reshape the identity of iconic American brands. Decisions that were once made where a company was founded are increasingly being made wherever the parent company believes it best serves its business strategy. For St. Louis, it’s the loss of another major corporate headquarters. For consumers, it’s a reminder that the logo on the building doesn’t always tell you who owns the company making the decisions. Our dollars matter. Knowing who owns the brands we support matters too. #Panera #StLouis #stl #JABHolding #PrivateEquity