Page 9 - Kitchen Fund News Today : Breaking News, Live Updates & Top Stories | Vimarsana

How 1 casual dining chain is competing with fast casuals After testing its new chicken brand at a Cincinnati festival,  Buffalo Wings & Rings is rolling out the concept via ghost kitchens. Provided Buffalo Wings & Rings, a Cincinnati-based sports franchise, is taking a page from the playbooks of fast casuals and QSRs, which do far more off-site business than causal dining brands. After testing its newly created chicken brand — NBL CKN — at a local festival in 2019, the 85-unit casual dining chain decided to launch the concept as a ghost kitchen operating at select BW&R locations. "We dec...

Co-founder Chloe Coscarelli ‘pleased’ with court ruling barring sale of trademark A group of investors has agreed to acquire the By Chloe vegan restaurant chain out of bankruptcy, although they won’t get to use the name. By Chloe’s parent company, BC Hospitality Group, filed for Chapter 11 bankruptcy protection in December, citing the impact of the pandemic. The company has for the past several years also been involved in a legal tangle with one of the concept’s co-founders, celebrity vegan chef Chloe Coscarelli, who left the company in 2016 and has fought to prevent the use o...

After opening in July 2015, By Chloe grew in popularity and expanded to 14 stores. BC Hospitality Group, parent of vegan fast-casual By Chloe, has agreed to sell the chain out of bankruptcy, but the buyers won’t be able to use the name.  As part of the deal, an investor group including QOOT International, Kitchen Fund, Lion Capital, and Bain Capital Double Impact Fund would purchase the assets for $333,000, plus the assumption of liabilities, and an additional $30,000 if the closing doesn’t occur on or prior to March 19. However, the group wouldn’t be able to operate under the name �...

Ghost kitchens, which are also known as cloud or dark kitchens, allow restaurants to prepare food solely for delivery. This can be critical for businesses seeing strong demand as consumers' appetite for food delivery grows. Third-party food delivery sales grew 138% in December, according to analytics firm Second Measure. Start-ups like Kitchen United or Travis Kalanick's CloudKitchens house multiple restaurant brands within one location and tout their models as more efficient, lowering labor and rent costs for eateries. Meanwhile, virtual restaurant brands are found only on third-party delive...

By Chloe's London restaurants 'running as usual' after US company files for bankruptcy By Chloe UK’s London restaurants are unaffected by US company By Chloe filing for bankruptcy and will re-open as soon as restrictions allow, say the company. The vegan restaurant brand operates four London locations in the capital, in Covent Garden, Oxford Circus, Tower Bridge and The 02, operated under license by Middle Eastern F&B group Qoot International. During Tier 3 the company is operating ‘a fully functioning London-wide take away and delivery service’ with sites du...