53-Yeard Old Le Perigord Shutters to Displace Union Labor

The costs involved with running a restaurant in New York City have never been more daunting.  Even for a stalwart of the fine-dining breed, labor costs can undue profitability.  And when a union is involved, the costs can become insurmountable.

Georges Briguer, who has owned the old-school French institution since 1966, has closed Le Perigord as he has not been able to reach terms with the restaurant union, Local 100.  The owner and the union had negotiated for four months to no avail.  Now, legally, closing and reopening as a new business is Mr. Briguer’s path forward.  According to the owner, “We would have to increase the price of the dinner too much…we have no choice,” in order to meet the new deal that would have required an additional $80 per day, per employee–about $12,000 per week–to cover the additional healthcare and pension requests.

In six months, the restaurant at 405 East 52nd will turn the lights back on under a new name: Restaurant 405.  Le Perigord, which once served neighborhood regulars and celebrities such as Truman Capote and Donald Trump alike, will be a memory.  The revised restaurant will have a new menu, but the owner hopes to rehire his staff, sans union.

To read more, click here.

 

Can Breakfast All-day Boost Your Sales?

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“This quarter marked the 10th consecutive quarter of positive sales growth and our 20th consecutive quarter of outperforming the casual dining industry,” said Sandra B. Cochran, president and chief executive officer, during a Nov. 22 earnings call with financial analysts. “We believe the differentiation of our brand experience and our excellent operations execution and our broadened marketing efforts helped us in outpacing the industry.”

Read more about Cracker Barrel’s 18% growth in net income here

Fast Food Restaurants Test New Menu Items In Ohio

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From McDonald’s to Wendy’s our countries fast food giants have their eyes set on…Columbus, Ohio?

Sure, demographics play a huge role – age, socioeconomic status, education, etc.

To find out more click here

Wagamama Opened Up Its First at NYC

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Wagamama, a popular British-headquartered Asian noodle restaurant chain, opened up it first location at West 26th street, 5th Ave, NYC,  with obsessive following. Although there are many Japanese style noodle restaurant such as Tabata, Ippudo and Ajisen already out there in New York City, with successful experience over decade at Boston, Wagamama could bring more flavor choice to NYC Roman fans.

Please click here, if you need more informations.

Fany Gerson opens La Newyorkina on Sullivan St.

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Dough’s chef and co-owner, Fany Gerson, has opened the first brick-and-mortar location for her paleta (Mexican ice pop) concept La Newyorkina. The new store on Sullivan Street will offer new and old flavors of the homemade paletas. While Gerson’s pops were already being sold to over 30 restaurants, stores, and pop-ups around New York, they can now be purchased at a dedicated storefront near Washington Square Park. The store also offers homemade cookies and ice cream.

 

You can visit La Newyorkina’s website here.

Kirin acquires 25% stake in Brooklyn Brewery

Crain’s reported on Wednesday that Kirin, the second largest brewery in Japan, has acquired a 25% stake in New York’s Brooklyn Brewery. The two companies said that they plan to roll out the Brooklyn brand in Japan starting January 2017 and that additional expansion into Brazil would follow. The craft beer industry produced 24.5 million barrels of beer and boasted $22.3 billion in retail sales last year, but the taste for these products is just now reaching certain foreign markets. Kirin stated that part of the impetus for the investment was a growing desire for these products within Japan. Keep an eye out for similar investments from abroad; Asahi, Suntory, and Sapporo are reportedly looking for similar investment opportunities.

 

You can read more about Kirin’s investment into Brooklyn Brewery here.

Dos Toros Opens its 12th Location in Bryant Park

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Dos Toros, the NYC taqueria mini-chain owned by two Bay Area brothers, opened its 12th location on October 5th. The newest storefront is located in Bryant Park and celebrated its first day with $1 burritos, chips, and salsa. Leo and Oliver Kremer, who opened the first location in 2009, said in 2015 that they plan to open 15-20 locations over the next 3 years. The brothers have said it is difficult to scout new neighborhoods that do not already have a Chipotle. But they also feel that their product is sufficiently different from the burrito mega-chain, which currently operates over 2,000 locations globally.

You can read more about the recent opening here.