Beyond Meat’s Pending IPO Could Be Valued at $1.2 Billion

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“Beyond Meat Inc., the maker of vegan chicken and beef substitutes backed by some of the biggest names in food and technology, is seeking to raise as much as $184 million in its initial public offering.

The company plans to sell 8.75 million shares for $19 to $21 each, according to a filing Monday with the U.S. Securities and Exchange Commission. A listing at the top of that range would give the company a market value of about $1.2 billion based on the shares to be outstanding after the offer, according to its filing.

The company is one of several makers of plant-based meat substitutes or lab-grown meats that have attracted high-profile backers. Its investors include Microsoft Corp. co-founder Bill Gates and actor Leonardo Dicaprio, as well as former McDonald’s Corp. chief executive officer Don Thompson. Beyond Meat’s biggest stakeholders are venture capital firm Kleiner Perkins Caufield & Byers LLC, which owns 16 percent of the company, and Twitter Inc. co-founder Ev William’s Obvious Ventures with 9 percent, according to its filings.

Tyson Foods Inc., the largest U.S. meat producer, is accelerating development of its own alternative-protein products and is also a backer of Beyond Meat. Tyson has invested in Jerusalem-based Future Meat Technologies and, along with Gates, Richard Branson and Cargill Inc., is an investor in Memphis Meats, a cultured meat producer.”

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One of West Africa’s Most Accomplished Chefs Opens an NYC Restaurant Soon

“Former Le Grand Dakar chef Pierre Thiam — who strives to be an ambassador of Africa’s culinary history — will open a Pan-African restaurant in Harlem’s Africa Center next month, where he’ll showcase his native cuisine in fast-casual format.

Teranga, which translates roughly to “hospitality” in Wolof, a language spoken in Senegal, will focus on Senegalese cuisine, as well as foods from Nigeria, Mali, the Ivory Coast, and Guinea in bowl-like formats.

The menu is molded by West African ingredients like sorghum and millet paired with dried fruits for breakfast, as well as fonio, a grain that’ll be served within salads and bowls during lunch and dinner, Thiam told the Times in August.

Vegetable and protein bowls like grilled chicken and caramelized onions over Liberian red rice will also be available, plus other vegetarian options like a sweet potato and black-eyed pea stew. Drinks range from hot and cold African coffees, teas, and juices. The menu is gluten-free; see it in full below.

The location of Thiam’s new restaurant within the cultural center makes sense, as he is a vocal advocate for Africa’s culinary history and even appeared in a 2016 episode of the late Anthony Bourdain’s Parts Unknown in his native Senegal. The restaurant will take up a 2,000-square-foot space in the center, overlooking Central Park.”

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Hass Avocado Board reports strong US sales growth

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“The Hass Avocado Board reported that retail avocado sales for the month ending Sept. 9 grew 8.6% compared with year-ago levels. That was more than double the gain of total produce sales, which were up 3.7% for the period compared with year-ago levels, according to a news release.

The board said the Northeast topped the regional rankings in dollar growth rate at 16.2% higher than the same period a year ago. The Northeast was boosted by the three fastest growing markets: Pittsburgh (+42.6%), Albany (+36.2%), and Northern New England (+26.6%). The board said Northeast dollar growth was driven by a significant gain in volume (+42.7%), despite a decline in average selling prices(-18.6%).”

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7 New Restaurants at the Jersey Shore

A bone-in, rib-eye steak topped with seared scallops at Prime 13 Wood Fire Grill and Bar, which has locations in Point Pleasant Beach and Brielle.

Prime 13 Wood Fire Grill and Bar, Brielle 

“Earlier this month, two Jersey Shore restaurateurs came together to open the second location of Prime 13, a steakhouse in Point Pleasant known for its prime rib and 40-ounce rib-eye for two.

The restaurant opened in the space previously occupied by Brielle Ale House, owned by Chris, Frank and Matt Gullace. The brothers run the bar, and Gerard Tortora, owner of the Point Pleasant Beach restaurant, leads the kitchen. The menu is similar to Point Pleasant Beach: wood-fired filet mignon, dry-aged strip steak and rack of lamb with the option to add seared scallops, lobster tail and foie gras ($29.99 to $76); seafood dishes, and cocktails, plus 10 beers on tap, more than a dozen bottles, and nearly two dozen wines.”

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Ravi DeRossi Turns an Empire Vegan

18712231573_877fb3734a_o.0.0.jpgRavi DeRossi, the restaurateur behind Death and Co, Avant Garden, Mother of Pearl and 12 other bars and restaurants around the city, is making a serious push to turn all of his operations fully animal-free. He’ll be starting by expanding the already vegan Avant Garden into multiple spinoff concepts, as well as closing the charcuterie-focused The Bourgeois Pig and reopening it as vegan wine and tapas bar LadyBird. All of his restaurants are in for some sort of shake-up, and it seems his mixologists won’t be safe either, as cocktail and beer lists will be purged of the often ignored animal ingredients that are sometimes used in drinks.

DeRossi himself has a long history with veganism, and feels passionately about the environmental and animal welfare impacts of factory farming. Before becoming involved in the hospitality industry, he spent many years living completely meat-free. As he describes to Eater, “You don’t realize that the average restaurateur does three times more destruction [to the environment] than the average person,” and, “If we’re going to do something to help this planet, it needs to start. It needs to be me not just preaching, but me just doing it. I’m in the position to do it.”

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Two Hands to Open a Restaurant in Tribeca

largerGiles Russell and Henry Roberts, owners of Two Hands, is planning to expand their coffee shop to Tribeca, but as a full-service restaurant. Two Hands, located between Little Italy and Chinatown, boasts a unique design and sense of community. Russell and Roberts built Two Hands as a beachy, bright atmosphere with a laid-back lifestyle advocating people to hang out and have a coffee without feeling any pressure. They are hoping to carry this laid-back atmosphere over to their full-service restaurant. “This will hopefully be the same, with just a few more people, and some more food and cocktails” Russell says.

The restaurant will seat 50 people, and at night the espresso bar will be a cocktail bar. The breakfast, lunch and inner menus are all health conscious with vegetables, but will not be strictly vegetarian. There will also be a few Australian-style meat plates, like the Australian-style burger.

Russel and Roberts are hoping to redesign Church Street from being too commercial and industrial to being an area where people can comfortably get food and be with friends.

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NYC Vegetarian Food Fest

Sarah Gross and Nira Paliwoda are the founders of U.S. Veg Corp, an event production and marketing brand focused on the growing vegetarian and green markets. U.S. Veg Corp provides offline and online opportunities throughout the year to target a passionate audience interested in a vegetarian and eco-friendly lifestyle. Nira and Sarah are active members of the local vegetarian and green movement. Their involvement with the community ensures that the events they put on address the latest issues concerning the vegetarian market and the most of-the-moment technologies.

The NYC Veg Food Fest will take place this year on March 14th & 15th from 11AM-6PM at The Metropolitan Pavilion on 125 West 18th St. Purchase your tickets now to attend and get yummy food samples, engage in fun activities and listen to inspiring speakers. For a list of this year’s exhibitors click here. Tickets for a 2-day pass are $50, while single day passes cost $30. To purchase tickets to the festival, click here.