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Category: Fast Casual News

Cava Finalizes Zoes Acquisition: Eatery Pulse

Maryland entrepreneurs enter next Cava chapter with Zoes acquisition finalized

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 Grabs 200M in Funding: Eatery Pulse

Sweetgreen receives $200M in new funding led by Fidelity Investments

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 Restaurant News: Eatery Pulse

Qdoba adds Pulled Pork and Queso Burrito to U.S., Canadian stores

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.