Cava Group, backed by investors including Panera Bread founder Ron Shaich, is acquiring restaurant chain Zoe's Kitchen Inc. (NYSE: ZOES) for about $300 million, as Americans spend more money at restaurants.
Restaurants are scrambling to meet new demands from diners who want cuisine they believe is healthy, responsibly-sourced, budget-friendly and fast. Sandwich shop Jimmy John's are among some notable investments.
September 15, 2017
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