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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 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.
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).
But buried in Cava's S-1 is arguably a secret ingredient that didn't get enough attention on IPO day (or maybe it did by those who actually read the S-1 and bought stock in the company): Cava ...
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 ...
This Cava company taps into a world-famous celebrity to be the face of its much-awaited Christmas TV commercial. Celebrities who have appeared in Freixenet's Christmas sparkling wine include Liza Minnelli (1977), Raquel Welch (1985), Paul Newman (1989), Antonio Banderas and Sharon Stone (1992), Kim Basinger (1993), Penélope Cruz (1994 and 2001), Alejandro Sanz (1998), Pierce Brosnan (2004 ...
Cava has had 15 consecutive quarters of revenue growth going back to Q1 2021, CFO Tricia Tolivar told me on Tuesday. Q3 revenue growth was fueled in part by 11 net new restaurants in the quarter ...