Tag Archives: Empire Building

Arby’s Is Reportedly Building a $2 Billion War Chest to Buy Even More Restaurant Chains

Source: Grub Street NY

Call Buffalo Wild Wings Arby’s $2.9 million appetizer. Last week, word dropped that it was acquiring the 1,200-location wings chain, but now Axios warns that this was merely step one of “much greater acquisition plans.” Parent company Roark Capital is reportedly amassing $2 billion that it can fling …

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Chobani Is Getting Ready to Move ‘Beyond’ Yogurt

Source: Grub Street NY

After ten years of culturing Greek yogurt, Chobani has apparently started to think bigger. To convey the new ambitions, the company is rolling out redesigned packaging this week that features artisanal-esque curvy font, a matte label, and watercolor fruits — a 180 from the glossy containers it used to …

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Here’s the Craziest Stuff You Can See at Eataly World When It Opens Tomorrow

Source: Grub Street NY

Tomorrow, the doors to Eataly’s long-awaited theme park in Bologna, Italy, officially open for business. Called Eataly World, or “FICO” if you’re a local, it’s a million-plus-square-foot “experience” that highlights all the wondrous things about Italian cuisine. Founder Oscar Farinetti tells the AP he envisions it being the …

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Milk Bar’s First-Ever Investor Calls Christina Tosi ‘Martha Stewart for This Generation’

Source: Grub Street NY

Milk Bar has welcomed its first-ever outside investors, after nine years in the immensely popular Crack Pie business. Christina Tosi’s cult chain — which has grown from the original East Village outpost to 12 spots spread across four cities and two countries — just closed on a Series …

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Impossible Foods’ ‘Bleeding’ Veggie Burger Is Headed to Cafeterias

Source: Grub Street NY

Rival bleeding-plant-burger-maker Beyond Meat may have Leo DiCaprio, but Impossible Foods has now locked down your college dining-hall and office-building cafeteria. The wheat-potato vegan burger that “bleeds,” thanks to the addition of a compound called heme has invaded menus as high-end as Momofuku Nishi’s and is increasingly …

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Danny Meyer Has Created a $220 Million Private-Equity Fund for the Hospitality Industry

Source: Grub Street NY

Danny Meyer is trying to translate Shake Shack’s burger success into a road map for entrepreneurs in the larger business world. He tells The Wall Street Journal today that he’s started a private-equity fund that targets hospitality businesses both inside and outside of the food sector that operate with …

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Here’s All the Craziness You Can Expect When Eataly World Finally Opens in November

Source: Grub Street NY

FICO Eataly World opens outside Bologna on November 15, but details about the supermarket chain’s $100 million paean to Italian cuisine have been hard to come by — the site’s developers offered media a virtual walk-through last November, but that’s been … about it. With the launch date now …

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Is Italian Food the Next Frontier of Fast-Casual Eating?

Source: Grub Street NY

Pity Sbarro. The Brooklyn-born chain has been operating for more than half a century, but its days as a food-court mainstay might be numbered. All across the country, even as the market becomes more saturated, restaurateurs and titans of industry are gunning to create the next fast-casual behemoth — and lately, …

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New Yorkers, Better Start Preparing Now for ‘At Least’ 50 More Taco Bell Locations

Source: Grub Street NY

Do you belong to the niche school of thought that holds that fast-food chains are vastly underrepresented in New York City? Great news: Your imperfect municipal area is about to get a bonkers number of new Taco Bells. The chain today announced plans to blanket the city in “at …

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Oprah Is Launching Her Own Food Brand

Source: Grub Street NY

The Oprah Winfrey empire has officially expanded into “healthy” packaged foods.

Last summer, Winfrey’s empire applied to trademark a line of food products dubbed “Oprah’s Kitchen.” The rather ambitious scope of the paperwork styled the venture as basically the next Nestlé or Kraft Heinz — packaged foods, …

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Why the Young Heir of Katz’s Deli Decided to Expand for the First Time in 129 Years

Source: Grub Street NY

The enduring appeal of Katz’s Deli is predicated on consistency. The same location, the same excellent pastrami, the same mix of seasoned New Yorkers mingling with exuberant tourists, all since 1888. (And since 1989, the same “I’ll have what she’s having” jokes.) As Adam Platt said, while naming …

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Amazon Already Registered a Trademark for a Meal-Kit Service

Source: Grub Street NY

Everyone suspected this was coming, but there’s finally official confirmation this morning that Amazon is indeed plotting a takeover of the meal-kit-delivery business. The dead giveaway was a trademark it filed a couple weeks ago, on July 6, for just such a service. The application outlines an undertaking …

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Shake Shack Sets Its Sights on China

Source: Grub Street NY

Over the last two years, Shake Shack has been on an expansion tear. Since announcing its IPO in December 2014, it has more than doubled its locations from 63 to, currently, 134. And next year, the burger chain will dip its toes into China when it opens a …

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The Hidden Risks of Writing a Cookbook

Source: Grub Street NY

Chef Chris Fischer hadn’t thought much about writing a cookbook. He was busy enough managing his grandmother’s 56-year-old, five-acre Beetlebung Farm on Martha’s Vineyard, where he often hosted dinners, as well as working as the chef at the Beach Plum Inn. But after an editor from Little, …

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Taco Bell Outlines Plan to Open Thousands of New Stores Literally Anywhere You Can Imagine

Source: Grub Street NY

Soon, no woman, man, or child on this planet will ever be more than a few minutes away from chicken DoubleDillas and 7-Layer Burritos. Taco Bell has just unveiled a new, extremely ambitious five-year growth plan, and the big takeaway is that the world is on the cusp …

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Here’s Why German Discounter Lidl Will Escalate America’s Grocery-Price Wars

Source: Grub Street NY

Don’t know what a Lidl is? Most Americans have no clue either, but this is about to change. Short answer is, it’s a crazy-cheap grocery chain (pronounced LEE-dil) that’s already disrupted the retail market back home in Germany, as well as in 26 other countries. It’s now opened 10,000 stores …

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Americans May Soon Be Seeing a Lot More Pret a Mangers

Source: Grub Street NY

Pret a Manger, the British sandwich chain that already feels ubiquitous in Manhattan, is reportedly headed for an IPO on Wall Street. Bloomberg and the Financial Times both report this morning that its parent company — private-equity fund Bridgeport Advisers — is working with several big investment …

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José Andrés Is Opening a Spanish-Style Eataly at Hudson Yards

Source: Grub Street NY

Apparently absolutely bored now that the sitting U.S. president is out of his hair, José Andrés has decided to fill that free time by giving New York City an enormous Spanish food hall. Per the New York Post, he’s signed a deal for the 35,000-square-foot space …

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The Real Cost and Benefit of (Temporarily) Moving an Entire Restaurant to the Other Side of the Globe

Source: Grub Street NY

In less than a year, the restaurant Olmsted has become something of a fixture in its Prospect Heights neighborhood, with the dining experience informed by a garden-to-table sensibility tied to the Brooklyn location and ethos. This spring, however, 3,850 miles away from Prospect Heights, a restaurant called Olmsted …

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The Real Cost and Benefit of (Temporarily) Moving an Entire Restaurant to the Other Side of the Globe

Source: Grub Street NY

In less than a year, the restaurant Olmsted has become something of a fixture in its Prospect Heights neighborhood, with the dining experience informed by a garden-to-table sensibility tied to the Brooklyn location and ethos. This spring, however, 3,850 miles away from Prospect Heights, a restaurant called Olmsted …

Read full article >>

Get Ready for Stand-alone Ikea Restaurants

Source: Grub Street NY

Ikea visits are terrific catalysts for two things: discovering your significant other has a dark side no Årstid light fixture will fix, then dealing with this by gorging on Swedish meatballs in the afternoon. For those who’d rather just skip straight to eating the meatballs, you’ll be happy …

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Impossible Foods Plans to Make 1 Million Pounds of ‘Bleeding’ Veggie Burgers Each Month

Source: Grub Street NY

Business really could not be better right now for Impossible Foods, the Silicon Valley start-up behind the 3-year-old “bleeding” veggie burger. This month, the meatless patty David Chang already serves at Momofuku Nishi made its chain-menu debut at Bareburger. Several West Coast chefs have …

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Vita Coco Warns Its Coconut Products Will Soon Overtake the Entire Supermarket

Source: Grub Street NY

America’s coconut-water industry is about to crest a wild new milestone: Vita Coco, the brand with a near-monopoly in every corner store in the country, is headed for the triple-comma club. Bloomberg says the company, which already accounts for an insane 46 percent of the U.S. market, expects …

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The Eleven Madison Park Team Is Opening a Restaurant in the Westfield World Trade Center Complex

Source: Grub Street NY

Daniel Humm and Will Guidara aren’t slowing down. The duo, who made their names at their fine-dining temple Eleven Madison Park, have announced they will open a restaurant in Westfield World Trade Center complex. The unnamed project is their first in New York outside of Midtown, and will …

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Why Danny Meyer’s Latest Business Venture Is Good News for Coffee Lovers

Source: Grub Street NY

The cafe chain Joe is a New York favorite, and now after 13 years in business, it’s poised to become a player on the national caffeine scene. Danny Meyer’s Union Square Hospitality Group has invested an undisclosed — but presumably significant — amount of money in the homegrown …

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