Cava

Financing

Here’s how Cava plans to spend its $190M investment

Here’s how Cava plans to spend its $190 million investment.

Financing

Cava nabs a $190 million investment

The parent of Mediterranean brands Cava and Zoes Kitchen will use a $190 million investment to fuel expansion on several fronts.

The fast casual’s redesigned app was created to “balance speed and joy,” Cava’s CEO said.

The Mediterranean chain is the first national restaurant operator to offer RightRice, which is made with lentils, chickpeas, green peas and a small amount of rice.

The pace of menu development is picking up as stay-at-home orders lift.

The owner of Cava Grill and Zoes Kitchen closed on its latest fundraising round last month.

The fast-growing Mediterranean fast casual is allowing customers who place digital orders to drive up to a designated window to get their food.

Shaich’s new investment firm is suing the bakery-cafe chain over a recruitment agreement.

The $300M deal, funded largely by former Panera Bread CEO Ron Shaich’s group, creates a Mediterranean fast-casual brand with more than 300 units.

The chain is also providing state-specific voter education to its employees.

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