CAVA Group Inc. has completed its acquisition of Zoës Kitchen, uniting two Mediterranean culinary brands to enhance growth and innovation in the fast-casual dining sector.

Information on the Target

CAVA Group Inc. has successfully completed the acquisition of Zoës Kitchen, Inc., a well-known fast-casual restaurant chain specializing in Mediterranean cuisine. Founded in 1995, Zoës Kitchen has built a strong reputation with a menu that emphasizes fresh, made-from-scratch dishes, utilizing grilling as the primary cooking method while avoiding microwaves and fryers. With a robust presence of over 260 locations across 20 states, the brand aims to inspire guests to adopt a balanced lifestyle through its wholesome meal offerings.

This strategic acquisition marks Zoës Kitchen's transition to a private entity after a four-year period as a publicly traded company on the NYSE. Shareholders received $12.75 per share in an all-cash deal valued at approximately $300 million, further enabling CAVA to expand its market presence and enhance operational efficiencies.

Industry Overview in the Target’s Specific Country

The fast-casual dining sector in the United States has been experiencing sustained growth, primarily driven by consumers seeking healthy and convenient meal options. With increasing awareness of nutritional values and the demand for fresh i