Cava (stylized as CAVA), also referred to as Cava Grill, is a Mediterraneanfast casual restaurant chain with locations across the United States. Cava is owned by the publicly traded Cava Group, which purchased Zoës Kitchen in August 2018.[3][4] The combined company is the largest restaurant operator in the Mediterranean category in the U.S. restaurant industry.[5] Cava also produces a line of Mediterranean dips, spreads, and dressings that are sold in grocery stores across the US.[3][6] As of May 2023, all Zoe's Kitchen restaurants have been closed; many have been replaced by Cava restaurants.
In 2006, first-generation Greek Americans Ted Xenohristos, Ike Grigoropoulos, and Dimitri Moshovitis launched the full-service Cava Mezze restaurant in Rockville, Maryland, with Moshovitis as executive chef.[3][6][7] In 2008, Xenohristos, Grigoropoulos, and Moshovitis partnered with Geoff Maites and Kenny Maites to launch a line of dips and spreads, and grew the product line into over 200 stores, including Whole Foods Market.[8][9][10] In 2009, Brett Schulman joined them as CEO and co-founder of the fast-casual chain Cava (originally called Cava Mezze Grill, later rebranded as Cava Grill and then simply as Cava).[7][9][11] They opened the first Cava restaurant in Bethesda, Maryland, in January 2011.[9][12]
In August 2018, Zoës was acquired by Cava Group, Inc. for $300 million in total enterprise value.[13]
In April 2021, Cava Group completed a $190 million series F funding round led by T. Rowe Price, bringing its value to nearly $1.3 billion.[14] Since 2015, the company has raised more than $640 million.[15]
By December of 2022, the Cava Group had significantly reduced the number of Zoe's Kitchen locations. As of May 2023, all Zoe's Kitchen restaurants have been closed; many have been replaced by Cava restaurants.
On June 15, 2023, Cava made its public debut on the NYSE under the symbol CAVA.[16]
Restaurants and expansionedit
Cava restaurant in Silver Spring, Maryland
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 2020, Cava Group converted seven of its Zoës Kitchen locations to Cava-branded restaurants, with plans to convert 50 more in 2021.[14][15][18] It has additional off-premises and digital kitchens dedicated to preparing food for online orders.[18]
Referencesedit
^ abc"2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 27, 2024.
^"Behind Cava Group's conversion of Zoe's Kitchen restaurants". Restaurant Business. January 11, 2023.
^ abc"Bethesda Interview: The Cava Guys". bethesdamagazine.com. Retrieved August 26, 2021.
^"The 13 Most Anticipated Restaurant Openings Around D.C., Summer 2021". dc.eater.com. Retrieved August 26, 2021.
^"CAVA to acquire Zoe's Kitchen for $300 million". Reuters. August 17, 2018. Retrieved January 7, 2020.
^ abcd"Cava: Healthy Mediterranean Chain Expanding And Acquiring". forbes.com. Retrieved August 26, 2021.
^ ab"People are obsessed with this Mediterranean chain that's taking over America — here are its secrets". Business Insider. March 30, 2017. Retrieved January 7, 2020.
^Sidman, Jessica (2013-09-26). "The Shopping Channel: Why Restaurants Are Drawn to the Shiny Lights of Grocery Store Shelves". Washington City Paper. Retrieved 2023-06-17.
^ abc"Cava to nearly double by next summer". washingtonpost.com. Retrieved August 26, 2021.
^"CAVA Expands Dips and Spreads Line to Whole Foods Nationwide". QSR Magazine. March 26, 2019. Retrieved January 7, 2020.
^"3 tips for switching careers from guy who left finance for food". cnbc.com. Retrieved August 26, 2021.
^"What Inspires Cava CEO Brett Schulman". qsrmagazine.com. Retrieved August 26, 2021.
^Roumeliotis, Greg; Brumpton, Harry (August 17, 2018). "CAVA to acquire Zoe's Kitchen for $300 million". Reuters.
^ ab"Cava Restaurant Chain Nears $1.3 Billion Value With New Funding". bloomberg.com. Retrieved August 26, 2021.
^ ab"Cava nabs a $190 million investment". restaurantbusinessonline.com. Retrieved August 26, 2021.
^"Restaurant Chain Cava Soars in Debut After $318 Million IPO". Bloomberg.com. 2023-06-15. Retrieved 2023-06-15.
^"Cava Group acquires a massive competitor". Washington Business Journal. August 17, 2018. Retrieved January 7, 2020.
^ abc"Cava sets its sights on bigger national presence after Zoes Kitchen acquisition". CNBC. April 18, 2019. Retrieved January 7, 2020.
External linksedit
Wikimedia Commons has media related to Cava (restaurant).
Official website
April 13, 2024
cava, restaurant, cava, stylized, cava, also, referred, cava, grill, mediterranean, fast, casual, restaurant, chain, with, locations, across, united, states, cava, owned, publicly, traded, cava, group, which, purchased, zoës, kitchen, august, 2018, combined, c. Cava stylized as CAVA also referred to as Cava Grill is a Mediterranean fast casual restaurant chain with locations across the United States Cava is owned by the publicly traded Cava Group which purchased Zoes Kitchen in August 2018 3 4 The combined company is the largest restaurant operator in the Mediterranean category in the U S restaurant industry 5 Cava also produces a line of Mediterranean dips spreads and dressings that are sold in grocery stores across the US 3 6 As of May 2023 all Zoe s Kitchen restaurants have been closed many have been replaced by Cava restaurants CavaCompany typePublicTraded asNYSE CAVAIndustryRestaurantsGenreFast CasualFounded2006 18 years ago 2006 as Cava Mezze Rockville Maryland U S FoundersTed XenohristosIke GrigoropoulosDimitri MoshovitisBrett SchulmanHeadquartersWashington D C United StatesNumber of locations309 1 2023 Area servedUnited StatesKey peopleTed Xenohristos Chief Concept Officer Brett Schulman CEO 2 RevenueUS 729 million 1 2023 Number of employeesc 8 100 1 2023 ParentCava Group Inc Websitecava wbr com Contents 1 History 2 Restaurants and expansion 3 References 4 External linksHistory editIn 2006 first generation Greek Americans Ted Xenohristos Ike Grigoropoulos and Dimitri Moshovitis launched the full service Cava Mezze restaurant in Rockville Maryland with Moshovitis as executive chef 3 6 7 In 2008 Xenohristos Grigoropoulos and Moshovitis partnered with Geoff Maites and Kenny Maites to launch a line of dips and spreads and grew the product line into over 200 stores including Whole Foods Market 8 9 10 In 2009 Brett Schulman joined them as CEO and co founder of the fast casual chain Cava originally called Cava Mezze Grill later rebranded as Cava Grill and then simply as Cava 7 9 11 They opened the first Cava restaurant in Bethesda Maryland in January 2011 9 12 In August 2018 Zoes was acquired by Cava Group Inc for 300 million in total enterprise value 13 In April 2021 Cava Group completed a 190 million series F funding round led by T Rowe Price bringing its value to nearly 1 3 billion 14 Since 2015 the company has raised more than 640 million 15 By December of 2022 the Cava Group had significantly reduced the number of Zoe s Kitchen locations As of May 2023 all Zoe s Kitchen restaurants have been closed many have been replaced by Cava restaurants On June 15 2023 Cava made its public debut on the NYSE under the symbol CAVA 16 Restaurants and expansion edit nbsp Cava restaurant in Silver Spring MarylandIn November 2018 Cava Group bought Zoes 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 2020 Cava Group converted seven of its Zoes Kitchen locations to Cava branded restaurants with plans to convert 50 more in 2021 14 15 18 It has additional off premises and digital kitchens dedicated to preparing food for online orders 18 References edit a b c 2023 Annual Report Form 10 K U S Securities and Exchange Commission February 27 2024 Behind Cava Group s conversion of Zoe s Kitchen restaurants Restaurant Business January 11 2023 a b c Bethesda Interview The Cava Guys bethesdamagazine com Retrieved August 26 2021 The 13 Most Anticipated Restaurant Openings Around D C Summer 2021 dc eater com Retrieved August 26 2021 CAVA to acquire Zoe s Kitchen for 300 million Reuters August 17 2018 Retrieved January 7 2020 a b c d Cava Healthy Mediterranean Chain Expanding And Acquiring forbes com Retrieved August 26 2021 a b People are obsessed with this Mediterranean chain that s taking over America here are its secrets Business Insider March 30 2017 Retrieved January 7 2020 Sidman Jessica 2013 09 26 The Shopping Channel Why Restaurants Are Drawn to the Shiny Lights of Grocery Store Shelves Washington City Paper Retrieved 2023 06 17 a b c Cava to nearly double by next summer washingtonpost com Retrieved August 26 2021 CAVA Expands Dips and Spreads Line to Whole Foods Nationwide QSR Magazine March 26 2019 Retrieved January 7 2020 3 tips for switching careers from guy who left finance for food cnbc com Retrieved August 26 2021 What Inspires Cava CEO Brett Schulman qsrmagazine com Retrieved August 26 2021 Roumeliotis Greg Brumpton Harry August 17 2018 CAVA to acquire Zoe s Kitchen for 300 million Reuters a b Cava Restaurant Chain Nears 1 3 Billion Value With New Funding bloomberg com Retrieved August 26 2021 a b Cava nabs a 190 million investment restaurantbusinessonline com Retrieved August 26 2021 Restaurant Chain Cava Soars in Debut After 318 Million IPO Bloomberg com 2023 06 15 Retrieved 2023 06 15 Cava Group acquires a massive competitor Washington Business Journal August 17 2018 Retrieved January 7 2020 a b c Cava sets its sights on bigger national presence after Zoes Kitchen acquisition CNBC April 18 2019 Retrieved January 7 2020 External links edit nbsp Wikimedia Commons has media related to Cava restaurant Official website nbsp Retrieved from https en wikipedia org w index php title Cava restaurant amp oldid 1211027237, wikipedia, wiki, book, books, library,
