Monday, August 20, 2018

Fast-casual, $300 million restaurant deal backed by founder of Panera Bread

Chain Store Age
Zoës Kitchen is being acquired in a deal that will create the nation’s largest restaurant operator in the Mediterranean category

The fast-casual, 261-unit Zoës has entered into a definitive agreement to be acquired by privately held Cava Group, operators of the fast-growing Cava chain. The combined company will have 327 restaurants in 24 states throughout the U.S. The deal was valued at approximately $300 million. . . . more