Cava Group purchased Zoes Kitchen last year. This year, the Mediterranean powerhouse has ambitious expansion plans.
Cava Group completed its $300 million acquisition of Zoes Kitchen just before Thanksgiving. Now the restaurant company is trying to make the most of its new status as a Mediterranean food powerhouse.
Schulman expects that Zoes' significantly larger national footprint should benefit Cava Grill as it enters new markets. "Some of the challenges that they were facing, the changes and the tough decisions that needed to be made would be tough under the public market scrutiny," Schulman said in an interview."I think in the private market we can have the time and the long-term perspective to make some of these changes and test these changes without being concerned about the impact on the stock price or quarterly earnings.
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