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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]
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. [7] [47]
Panera Bread founder Ron Shaich has a knack for leading into the future of the restaurant industry. ... Au Bon Pain, or Cava in the past 10 years — all three chains founded (Panera Bread, Au Bon ...
Zoës Kitchen was a Mediterranean Style restaurant chain, and a subsidiary of the Cava Group. [1] Their headquarters were located in Plano, Texas.In 2013, the chain had grown to host over 200 locations across 17 states, [citation needed] however, acquisition by Cava Group resulted in a reduction of Zoe's locations (some replaced by Cava restaurants).
Cava Group (NYSE: CAVA), the young fast-casual chain selling Mediterranean food, had an incredible 2024, ... The comps piece is an important part of the long-term equation, since over time, it ...
In the case of Cava, it is 0.2%. In other words, the amount of required growth baked into Cava is outrageous. It's a lot of assumed free cash flow growth via new restaurant openings, expanding ...
Image source: Cava. Why the stock has pulled back. Cava initially jumped on its third-quarter earnings report, but the stock fell soon after that, and is now down 24% from that peak.
Cava Group CEO Brett Schulman knows this first hand. In November 2018, the then-privately held Mediterranean fast-casual restaurant chain acquired Zoe’s Kitchen in a $300 million all-cash deal.