Cava has completed the acquisition of Zoe’s Kitchen, according to an announcement from Cava November 21. Zoe’s shareholders received $12.75 per share in the all-cash transaction. Panera Founder Ron Shaich had backed the deal, which was funded by his Act II Holdings investment… SWaN & Legend Venture Partners and Revolution Growth.
Sweetgreen, a health-oriented fast-casual chain, serving creative salads and bowls built around proteins, grains and vegetables, has raised $200M in its latest raise, following a $35M raise just three years ago. This new round was led by Fidelity Investments. Sweetgreen plans to use the investment to further advance its digital platform, it announced... allow the 90-unit chain to advance its supply chain platform through the use of blockchain.
Qdoba has introduced a Pulled Pork and Queso Burrito. The 750-unit fast-casual says its pulled pork is the leanest protein on the menu. Inside the burrito, guests will find the pulled pork, slow braised with a seasoning blend infusing it with tomatoes, onion, garlic and mild chile flavors, nestled in a warm flour tortilla with a cilantro-lime white rice and seasoned with black beans, cilantro, and topped with pico de gallo, shredded cheese and Qdoba’s 3-Cheese Queso.
Muscle Maker Grill launched a limited-time burger menu offering October 22, marketed as promoting a healthier lifestyle for its guests. The new Muscle Maker Grill Burger Bar Menu lineup is available a five-style, build-your-own custom menu. Veggie options include the grass-fed beef, turkey, all-natural chicken breast or veggie burger. Guests can pick their style, including Mushroom Supreme, California Club, Classic Jalapeno and the Recovery Burger, served up on a whole wheat bun and a side of potato fries.
Shake Shack has partnered with food and retail firm Grupo Toks to launch in Mexico with a store opening in Mexico City in 2019. The new development deal will pair the classic burger, hot dog and custard chain with the 40-year expertise of Mexico City-based Grupo Toks to build 30 stores... Shake Shack will work with local suppliers to build a flagship Shack that reflects the Mexico City community and heritage
Latin street-food chain Pincho Factory announced a partnership with Uber Eats, Postmates, DoorDash, and online ordering platform Olo to bring delivery service to all of its locations this fall. The 10-unit fast-casual chain is known for... the Pincho Burger, Steak Latin Ricebowl and its namesake line of pinchos. Delivery is part of its strategic growth, and the service will also serve franchisees well.
Fat Brands has announced the development of a co-branded restaurant in Cave Creek, Arizona. The first co-branded restaurant of Fatburger and Buffalo’s Express in Arizona is the result of a new deal with franchise partner Gregg Wright. Fatburger has a strong reputation with guests and a national presence since it started in Southern California 70 years ago.