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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]
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]
The 52-year-old CEO and co-founder has watched Cava, the cult-classic Mediterranean fast-casual spot, skyrocket. Since its IPO last summer, the chain’s stock has grown over 300%; it hit a new ...
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 ...
By comparison, investors valued Chipotle at about $4 million per restaurant when the same amount of time had passed since its January 2006 IPO (the same year Cava's original three founders decided ...
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 ...
For full year 2024, we expect the following: 56 to 58 net new CAVA restaurant openings, CAVA same restaurant sales growth up 12% to 13%, CAVA restaurant level profit margin between 24.5% to 25% ...
"Cava really has the opportunity to create the next large-scale cultural cuisine category,” Tricia Tolivar said. Cava’s CFO on its new $30 million facility—and the importance of buying ...