What Cava's CEO learned about merging 2 cultures after a ‘painful' acquisition [Yahoo! Finance]
CAVA Group, Inc. (CAVA)
Company Research
Source: Yahoo! Finance
Cava Group CEO Brett Schulman knows this first hand. In November 2018, the then-privately held Mediterranean fast-casual restaurant chain acquired Zoe's Kitchen in a $300 million all-cash deal. The acquisition of Zoe's Kitchen was an agonizing but transformative experience, says Schulman. Cava was a fast-growing company with an aggressive startup spirit and several accolades under its belt. Meanwhile, although Zoe's was three times Cava's size, it was a struggling public company that had recently faced layoffs and was suffering from financial difficulties and low employee morale. "We were the minnows swallowing the whale," says Schulman. "It was a very painful experience in the sense that we were trying to integrate two cultures." The deep despondency from Zoe's Kitchen began to weigh on Cava, and leadership quickly recognized the need to reenvision the culture and values of the newly integrated company, which the acquisition had strained. The company's mission is centered on
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CAVA
News
- Cava Group (CAVA) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- CAVA launches first new flavor of its cult-favorite pita chips [Seeking Alpha]Seeking Alpha
- CAVA Launches First New Flavor of Its Cult-Favorite Pita ChipsBusiness Wire
- Is Cava Stock a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Cava Group (CAVA) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
CAVA
Earnings
- 8/22/24 - Beat
CAVA
Sec Filings
- 10/1/24 - Form 4
- 9/18/24 - Form 4
- 9/16/24 - Form 144
- CAVA's page on the SEC website