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In November 2018, Cava Group bought Zoës Kitchen, a restaurant chain with more than 250 locations, in a deal worth $300 million, taking the company private and helping Cava expand further into the suburbs. [6] [17] [18] As of August 2021, there are 133 Cava locations. All Cava restaurants are company-owned, and none are franchised. [6]
We want to open two or three and see if we can prove this idea out. So we raised friends-and-family money that summer of 2010 and we opened our first fast-casual location in January of 2011 ...
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Cava Group (NYSE: CAVA) was one of the better-performing names in 2024. Even after a recent pullback, the stock has risen by more than 175% over the last year, likely because many saw it as a ...
Shaich believed in people's desire for Mediterranean fast-casual cuisine and the potential of the Cava brand. Shaich conceptualized and led Cava's acquisition of public company Zoe's Kitchen, which was five times larger than Cava and allowed Cava to hyper scale into a category-dominant brand company with 250 locations as of October 2023. [9] [51]
Cava CEO remains focused on long-term growth as stock closes near record low. ... 2023 at 7:01 PM. Cava's CEO is laser focused on taking ... there are 290 locations, with plans to open 70 to 73 ...
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