
Belgian shareholders regain stake at Le Pain Quotidien: report
The chain was helmed by a French entrepreneur for a time.
Le Pain Quotidien returned to Belgian hands after the French group Norac Foods has increased its holding from 15% to 25%, the Brussels Times reported.
Other shareholders also raised their holdings, including major shareholder Cobepa which shares increased from 32% to 43%.
The report, citing L’Echo, noted that CEO Jerry Gamez will soon be replaced by a Belgian. There was an alleged “differences of opinion” between Gamez and the chain’s board.
The international fast casual is currently operating in 22 markets worldwide.
Read full report here.