BOSTON GLOBE
‘There’s a hunger for this type of entertainment’: The escape room business is expanding
Local companies are broadening the concept of interactive entertainment as more people seek an alternative to screen time
MARKETWATCH
Panera’s Founder Backed an IPO Smash. What He’s Investing in Now.
Ron Shaich had little reason to believe that the cookie shop he opened in downtown Boston when he was 26 would amount to much more than that. But the 400-square-foot store morphed in the next four decades into a network of more than 2,000 cafes now known as Panera Bread.
NATION'S RESTAURANT NEWS
Act III’s Ron Shaich commends Cava Group’s successful IPO
Panera founder’s company remains brand’s largest non-institutional investor after funding Zoe’s deal
BUSINESS WIRE
Act III Holdings Joins Investors in Celebrating CAVA’s NYSE IPO
On June 15, 2023, CAVA Group Inc. ("Cava") (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, began trading on NYSE, having priced its initial public offering of 14,444,444 shares at $22.00 per share.
Special Message from Ron Shaich on the Cava IPO
Yesterday was such an excitng day as Michael Shaich and Emma Shaich joined me at the NYSE to watch CAVA begin its life as a public company.
RESTAURANT BUSINESS
Cava raises $318M in its IPO
On the eve of its debut on the New York Stock Exchange, the fast-casual chain's initial stock price hit $22 per share, well above earlier projections. The price gives the company a $2.5 billion valuation.
YAHOO! FINANCE
The Cava IPO had a secret ingredient
Call it the Ron Shaich premium. On Thursday, shares of fast-casual restaurant chain Cava exploded 99% on their first day of trading on the New York Stock Exchange. The stock gave up some of its gains Friday, but it's clear investors can envision Cava as the next great restaurant investment in the mold of burrito king Chipotle.
CNBC
Mediterranean restaurant chain Cava stock soars as much as 117% in market debut
Shares of Mediterranean restaurant chain Cava soared as much as 117% in its market debut Thursday.
CAMBRIDGE DAY
Life Alive cafe and yoga school will collaborate, opening sites in Harvard Square and South End
The Life Alive Organic Cafe in Central Square and Down Under School of Yoga, which has a site in Porter Square, have combined and will open a 100-seat cafe and yoga studio at 22 JFK St., Harvard Square. Another is coming to 505 Tremont St., in Boston’s South End, according to a Tuesday email.
BLOOMBERG
Cava Restaurant Chain Nears $1.3 Billion Value With New Funding
Cava Group Inc., a Mediterranean fast-casual restaurant chain, completed a $190 million financing round that will help hasten the company’s expansion.
CNBC
Ron Shaich: PAR Technology is chasing powerful opportunity in restaurant software
Ron Shaich, the founder of Panera Bread who is joining restaurant software company PAR Technology in a board role, discussed the platform that integrates back office work for restaurants.
Restaurant Business
Par buys loyalty provider Punchh with help from Ron Shaich
The $500 million deal bolsters Par's extensive restaurant software platform.
