What Happened To Zoe’S? The Beloved Restaurant’S Closure

Zoe’s Kitchen, a popular fast-casual restaurant chain known for its Mediterranean-inspired dishes, was acquired by Cava Group, Inc. in August 2018. The deal was valued at $300 million in cash for each Zoe’s common share. This acquisition brought Zoe’s under the umbrella of Cava Group, a publicly traded company with the ticker symbol CAVA.

This strategic move by Cava Group aimed to expand its footprint in the fast-casual dining market and capitalize on Zoe’s established brand recognition and loyal customer base. By merging with Zoe’s, Cava Group gained access to a wider customer demographic and a broader menu selection, offering a diverse range of flavorful and healthy options. This acquisition also enabled Cava Group to leverage Zoe’s existing infrastructure, including its network of restaurants, supply chain, and operational expertise, further strengthening its position in the industry. The merger allowed both companies to benefit from each other’s strengths, creating a powerful force in the fast-casual dining landscape.