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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]
Cava’s market cap is currently around $16.2 billion, which roughly equates to $46 million for each of its 352 restaurants. ... (the same year Cava's original three founders decided to launch ...
The parent company for American restaurant chain Chili's is Brinker International (NYSE: EAT), and it made its debut on the public markets way back in 1989. Now, 35 years later, Brinker stock ...
2. Cava is expanding quickly. In the second quarter of 2024, Chipotle opened 52 new locations. Cava opened just 18 new restaurants. But when you compare those numbers to the store bases of each of ...
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) 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 ...
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 ...