CAVA Group announced today that it will acquire Mediterranean fast-casual Zoe’s Kitchen in a $300 million deal that will take Zoe’s private. The deal comes thanks to a “significant investment” in CAVA by a group led by Ron Shaich, Founder and ex-CEO of Panera. Brett Schulman, current CAVA CEO, will head up the combined companies while Shaich will serve as Chairman.
If you missed it, check out the data on the chart we did a few weeks ago on the Mediterranean segment.
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