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Popular fast-casual plant-based chain By Chloe is back, but with a new name–Beatnic. Following the restaurant’s bankruptcy and reorganization, the company s new owners took the reigns to rescue the vegan fast-food staple from complete closure. The company s new owners revealed to Fortune that its new name is a reference to its original location in Greenwich Village and its relationship with the Beatnick movement. Originally founded by plant-based chef Chloe Coscarelli and Samantha Wasser in 2015, the popular chain shaped the vegan fast-casual scene across New York, Massachusetts, and Rhode Island. The fast-casual restaurant grew to 14 locations spanning across the three states, but due to financial hardship caused by the COVID-19 shutdown, the company was reduced to 10 locations. ....
In May 2020, confronting a raging pandemic, fierce competition from a slew of new entrants in the alternative-beverage category, and a limited marketing budget to support the launch of three new drink flavors, Ben Witte, CEO and founder of Recess, a maker of CBD-infused sparkling water, did what the head of any up-and-coming direct-to-consumer brand might: He dropped a merch line. Featuring a “last two brain cells” hoodie ($65), a “cool your horses” T-shirt ($35), an orange “on recess” beanie, and a pair of $18 “around the block” socks (“for going nowhere in particular”), the line was designed, says Witte, with Instagram and Gen Z “creatives” in mind, a way to diffuse the brand’s pastel-minimalist aesthetic and the “tongue-in-cheek social commentary on millennial existence” on social media and beyond. Generating hundreds of tagged stories and posts a month, the merch did exactly what the brand had intended: For a CBD company operating in an advert ....