Mediterranean fast food chain restaurant: CAVA Group Inc. (CAVA)

CAVA Group Inc. (NYSE: CAVA) was founded in 2006, headquartered in Washington, D.C., the United States, with 7750 full-time employees. CAVA is a brand that defines the category of Mediterranean fast food restaurants, providing health on a large scale food And satisfy people's pursuit of rich flavor.

The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

CAVA Group Inc. (CAVA)

The co-founder of CAVA Group opened CAVA Mezze, a full-service restaurant, for the first time in 2006. Inspired by the popularity of CAVA Mezze, they began selling sauces and spreads in grocery stores in 2008. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

The company learned a lot from the experience of CAVA Mezze and launched the concept of fast food in 2011. It uses the potential of this form to quickly provide high-quality Mediterranean food for large-scale markets and meet the growing demand of customers for fast food. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

CAVA Group found that its cuisine and brand were welcomed by consumers and rapidly expanded its influence, from 4 restaurants at the end of 2012 to 72 restaurants at the end of 2018. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

In 2018, CAVA Group saw an attractive opportunity to accelerate the growth of the company and acquired Zoes Kitchen , which provides the company with significant scale growth and access to high-quality real estate in the target market. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

By April 16, 2023, CAVA Group has owned and operated 263 CAVA restaurants in 22 states and Washington, D.C., successfully transformed 145 Zoes Kitchen locations into CAVA restaurants, and has opened 51 new CAVA restaurants since the acquisition of Zoes Kitchen. CAVA Group expects that 34 to 44 new CAVA restaurants will open in the rest of the 2023 fiscal year, including the transformation of the remaining 8 Zoes Kitchen that the company expects to complete in the autumn of 2023. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

For the 12 months ended March 31, 2023, CAVA Group's sales volume was $608 million. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

CAVA Group Inc. (CAVA) Historical Encyclopedia

Cava (styled CAVA), also known as Cava Grill, is a private Mediterranean fast food chain restaurant with branches all over the United States. CAVA Group also owns Zo ë s Kitchen. The combined company is the largest restaurant operator in the Mediterranean category in the U.S. catering industry. Cava also produces a range of Mediterranean sauces, spreads and condiments, which are sold in grocery stores across the United States. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

In 2006, Ted Xenohristos, Ike Grigoropoulos and Dimitri Moshovitis, the first generation of Greek Americans, opened a full-service Cava Mezze restaurant in Rockville, Maryland. Moshovitis served as the executive chef. After opening 4 additional restaurants, in 2008, Xenohristos, Grigoropoulos and Moshovitis opened more than 200 stores, including Whole Foods , launched a series of sauces and spreads. In 2009, Brett Schulman joined the company and became the CEO and co-founder of the fast food chain Cava (initially called Cava Mezze Grill, later repositioned as Cava Grill, and then referred to as Cava for short). They opened the first Cava restaurant in Bethesda, Maryland in January 2011. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

In 2018, Cava was Fast Company It was rated as one of the 50 most innovative companies in the world. In 2019, Fishbowl Analytics named Cava Grill its top emerging catering brand. In the 2020 presidential election, Cava will provide free meals for voting staff in all locations. stay Covid-19 During the pandemic, Cava launched a plan called "Feeding Families". Every time they sold a family package, they donated one to the family of a new front-line worker. Cava later removed the Family Package option from their menu. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/cava.html

In 2018, CAVA Group also acquired Zoes Kitchen.

In 2020, Cava Group will transform 7 locations in its Zo ë s Kitchen into Cava brand restaurants, and plans to convert 50 more in 2021.

In April 2021, Cava Group completed T. Rowe Price Led the US $190 million round F financing, making its value close to US $1.3 billion. Since 2015, the company has raised more than $640 million.

As of August 2021, the company has 133 Cava restaurants. Every restaurant in Cava is owned by the company, and none is franchised.

CAVA Group Inc. (CAVA) Financing Encyclopedia

In November 2010, CAVA Group Inc. completed the seed round financing of 2.3 million dollars.

In September 2013, CAVA Group Inc. completed two rounds of seed financing of 3.1 million dollars.

In April 2015, CAVA Group Inc. completed round A financing of US $50.8 million, with the exclusive participation of SWaN&Legend Venture Partners.

In September 2015, CAVA Group Inc. completed Invus Led round B financing of US $45 million, and followed by Revolution, Revolution Growth and SWaN&Legend Venture Partners.

In September 2016, CAVA Group Inc. completed the round C financing of 60 million dollars.

In March 2017, CAVA Group Inc. completed a round of C+financing of 30 million dollars, Invus , Revolution, Revolution Growth and SWaN&Legend Venture Partners.

In May 2018, CAVA Group Inc. completed round D financing of USD 33.5 million.

In December 2018, CAVA Group Inc. completed an E-round financing of $283.7 million.

In December 2019, CAVA Group received $40 million in venture capital.

In April 2021, CAVA Group Inc. will complete T. Rowe Price The round F financing of USD 190 million led by the investment, and the investment of Invus, Revolution, SWaN&Legend Venture Partners, Mousse Partners, etc. The valuation is $1.3 billion.

CAVA Group Inc. (CAVA) US equity investment

On May 19, 2023, CAVA Group, a Mediterranean leisure fast food chain with 263 branches in the United States, submitted a report to the U.S. Securities and Exchange Commission on Friday IPO The application plans to raise up to US $100 million through an initial public offering. CAVA Group plans to New York stock exchange Listed, stock code is CAVA. CAVA Group submitted in secret on February 6, 2023. J.P. Morgan , Jefferies , Citi, Morgan Stanley , and Piper Sandler Is the joint bookrunner of the transaction. Pricing terms are not disclosed.

On June 5, 2023, CAVA Group announced that it planned to issue 14.4 million shares at a price of $17 to $19, raising $260 million. cornerstone investor T. Rowe Price And Capital Group expressed their interest in purchasing US $100 million worth of shares in this offering (accounting for 38% of the transaction). At the midpoint of the proposed offering price, CAVA Group will obtain a fully diluted market value of $2 billion.

On June 12, 2023, CAVA Group plans to issue 14.4 million shares at a price of $19 to $20, raising $282 million. Cornerstone investors T. Rowe Price and Capital Group expressed their interest in purchasing shares with a total value of US $100 million in this offering (accounting for 36% of the transaction).

On June 15, 2023, CAVA Group will go public with an IPO price of $22, and 14.4 million shares will be issued to raise $318 million, with a 99% jump on the first day of listing.

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