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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]
In its IPO documents, management said it thinks there is room for at least 1,000 Cava restaurant locations in the United States. Last year, it opened 72 stores, and it plans to open 50 more in 2024.
Brett Schulman knows crazy—and he’s not talking about the feta.. The 52-year-old CEO and co-founder has watched Cava, the cult-classic Mediterranean fast-casual spot, skyrocket.
As of April 21, Cava had only 323 locations -- about half the footprint of Cracker Barrel. Moreover, Cava was only just founded in 2010. In other words, Cracker Barrel had a head start of four ...
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).
In 1996, Reata opened its second location [5] in Fort Worth, Texas, on the 35th floor of the Bank One Tower. Following the F3 tornado on March 28, 2000, Reata was hit and forced to close. [6] [7] [8] Within six weeks, the restaurant was rebuilt and became operational in the original location that was hit by the tornado. In January 2001, the ...
Mediterranean chain Cava beat Wall Street estimates Tuesday afternoon, with same-store sales jumping 18.1%, compared to 12.39% expected. The stock vaulted over $172 per share — an all-time high ...
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