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Cava

Financing

Will Cava Group be the next Chipotle or the next Noodles & Co.?

 By Jonathan Maze on Jun. 16, 2023

The Bottom Line: The fast-casual Mediterranean chain is the latest to draw enthusiasm from investors hoping they’ve found a company that could come close to Chipotle’s return.

Operations

With IPO capital in hand, Cava looks onward to growth

 By Lisa Jennings on Jun. 15, 2023

The 263-unit Mediterranean chain plans to reach 1,000 locations across the U.S. by 2032 and sees an opportunity to grow sales with new formats, catering and building loyalty.

Operations

Cava raises $318M in its IPO

By Lisa Jennings on Jun. 14, 2023

On the eve of its debut on the New York Stock Exchange, the fast-casual chain's initial stock price hit $22 per share, well above earlier projections. The price gives the company a $2.5 billion valuation.

Financing

Cava aims for $2.1B valuation with IPO

By Lisa Jennings on Jun. 05, 2023

The Washington, D.C.-based chain priced its shares between $17 and $19, which would raise more than $274 million.

Financing

It's official: Cava goes public with IPO plans

By Lisa Jennings on May 19, 2023

The fast-growing Mediterranean fast casual had previously filed confidential plans, but now the financial disclosures are public.

Leadership

Latest restaurant executive changes: Cava and Denny's get new executives

By Restaurant Business Staff on May 15, 2023

Executive Summary: A roundup of high-level hirings and promotions in the restaurant business includes changes for 7-Eleven, Razzoo’s, Golden Chick, Canada’s restaurant association.

Operations

The restaurant of tomorrow sounds a lot like yesterday's

By Peter Romeo on Apr. 20, 2023

Reality Check: With the pandemic fading, it may be back to the future for broad-market restaurant concepts. Just ask participants of a CEO's panel at the Restaurant Leadership Conference.

Financing

Cava Group says it might go public

By Jonathan Maze on Feb. 06, 2023

The fast-casual chain, which operates Cava Grill and Zoe's Kitchen, has confidentially filed SEC documents for an initial public offering.

Financing

Behind Cava Group’s conversion of Zoe’s Kitchen restaurants

By Jonathan Maze on Jan. 11, 2023

A Deeper Dive: Brett Schulman, CEO of Cava Group, joins the podcast to talk about a wide range of topics, including its rapid expansion thanks to its acquisition of Zoe’s Kitchen.

Operations

Inside the great catering comeback of 2021

By Patricia Cobe on Nov. 11, 2021

As workers return to their offices and the holiday season gets underway, restaurants in every segment are ramping up catering programs to feed increased demand.

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