Fine Dining

Financing

Jean-Georges Restaurants nabs a $55M investment

The minority stake from The Howard Hughes Corporation will allow the operator of 40 high-end restaurants further its global expansion, according to an announcement.

Consumer Trends

New research shows travel is set for a rebound

Two separate studies show tourists and business travelers are getting back on the road at nearly pre-pandemic levels.

The steakhouse chain is ramping up development with plans to open five to seven new locations a year.

Sales at its huge high-end restaurants are still only a fraction of what they were pre-pandemic, while galloping costs shrink the bottom line.

Sweet & Sour: Nancy Kruse and Peter Romeo look at the oft-voiced theory that the pandemic has shifted the focus of restaurant customers and operators to the convenience of takeout and delivery. Neither one is buying it. Some axe throwing and a drink, anyone?

But quick-service gift cards may not be as popular in Christmas stockings this year, according to new data from Paytronix.

The celebrated chef also renovated his NYC flagship, Restaurant Daniel, and has more projects in the pipeline.

Groups such as One Fair Wage intend to ask the state's first female governor, Kathy Hochul, to close the gender wage gap by disallowing the concession for restaurants.

The union-backed group One Fair Wage has earmarked $1 million for grants to help stem an exodus of restaurant servers.

Not even Jeopardy’s best might have nailed the surprising answer.

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