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Search resuls for: "Cava Group"


3 mentions found


☆ Panera Among Restaurant Companies Looking to Test IPO Demand
  + stars: | 2023-02-06 | by ( Corrie Driebusch | Heather Haddon | ) www.wsj.com   time to read: 1 min
More restaurant companies are aiming to test investors’ demand for new listings after the sector weathered the Covid-19 pandemic and as dining sales have largely held up so far this year. Fogo Hospitality Inc., the parent company of a Brazilian-style steakhouse chain, is aiming for an initial public offering as early as spring, according to people familiar with the matter. Other restaurant companies including Panera Brands Inc. and Cava Group Inc., the parent company of a Mediterranean chain, are aiming for an offering in the first half of the year as long as markets keep improving, according to people briefed on the plans.
☆ Mediterranean restaurant chain Cava confidentially files for an IPO
  + stars: | 2023-02-06 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
Mediterranean chain Cava announced Monday it has confidentially filed for an initial public offering. It's the first restaurant company so far this year to take the first step toward a public market debut, following a drought of IPOs in 2022. In 2018, it bought Zoes Kitchen for $300 million, taking the chain private. The company is converting Zoes locations into new Cava restaurants, expanding its footprint. Cava also sells its dips and spreads, like spicy hummus, tzatziki and tahini dressing, at Whole Foods and other grocery stores.
☆ Sweetgreen is among the 12 chains Taco Bell owner, Yum Brands, could buy as the company's CFO tells investors it's hunting for an acquisition
  + stars: | 2022-11-30 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +11 min
A Yum Brands exec said the company was "scanning categories" that don't compete with its brands. Analyst Mark Kalinowski identified 12 chains Yum Brands could target, including Sweetgreen. Habit was Yum Brands' latest acquisition — it purchased the fast-casual chain in March 2020 in a deal valued at $375 million. Zoe's Kitchen could be a buy target for Yum Brands, a veteran analyst wrote in a research note last week. "It has a market cap bigger than I would have expected, so it'd be an expensive purchase for Yum Brands."
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