Article Trunk



Posts Tagged ‘Restaurants’

Luckin Coffee plans to raise over $500M in US IPO

Luckin Coffee, the ambitious Chinese upstart that’s going after Starbucks, could raise nearly $600 million from its upcoming IPO. That’s according to a price range released by the Chinese startup. In a new filing, Luckin said it plans to sell 30 million shares at an initial range of $15-$17. That gives an estimated raise of ...

A day working at Rustler Steak House (1977)

"Back in 1976/77, I worked at the Rustler Steak House in Alameda, California," writes Take2MarkTV. "One night, I took my Super 8 camera with me to document a typical shift."

Growing up, my family preferred the local Ponderosa Steakhouse over Rustler, and even Bonanza and Sizzler for that matter. That said, I'm sure the employee experience ...

Toast, the restaurant management platform, has raised $250M at a $2.7B valuation

Restaurant sales hit $825 billion last year in the U.S., but with margins averaging at only three to five percent per business, they’re always looking for an edge on efficiency and just generally running things in a smarter way. A startup called Toast, which has built a popular platform for restaurant management, has closed a ...

Michelin three-star restaurant French Laundry serves mushroom soup from a ****

Let's talk about the French Laundry's **** course. https://t.co/cSdEvoydR0 pic.twitter.com/G80R4u06Wm

— Paolo Lucchesi (@lucchesi) March 26, 2019

In a New York Times review of celebrity chef Thomas Keller's Manhattan eatery Per Se, critic Pete Wells described the mushroom soup "as murky and appealing as **** water." So now for special guests, ...

Starbucks will anchor the new $400 million food-focused Valor Siren Ventures fund

Starbucks is serving up a steaming hot $100 million cash commitment to anchor a new food-focused fund in partnership with the consumer and tech-focused focused private equity firm Valor Equity Partners. The behemoth of burnt-coffee said that its commitment to the Valor Siren Ventures fund is an attempt to focus on “new ideas and technologies ...

VCs have growing appetite for ‘AgriFood’

Venture investors are pouring billions of dollars into feeding their hunger for food and agriculture startups. Whether that trend line is due to enthusiasm for the sector or just broader heavy investing in the VC space is much less clear. According to a recent report published by AgFunder – a VC and investing marketplace focused ...

Presto raises $30M to bring its AI platform and tabletop ordering hardware to restaurant chains

The “restaurant of the future” may elicit thoughts of a chrome diner with robot servers and an otherwise hefty amount of Tokyo futurist kitsch, but the fact is that the forthcoming sit-down dining experience may just end up looking a lot like ordering from a takeout app. Presto is working with restaurants to update the ...

As shared kitchens heat up, a China-based startup, Panda Selected, nabs $50 million led by Tiger Global

A few weeks ago, we told you that former Uber CEO Travis Kalanick looks to be partnering with the former COO of the bike-sharing startup Ofo, Yanqi Zhang, to bring his new L.A.-based company, CloudKitchens, to China. Kalanick didn’t respond to our request for more information, but according to the South China Morning Post (SCMP), his ...

Impressive champagne saber fail at Michelin-starred restaurant

Below is New Year's Eve video of Michael Minnillo, general manager of Yountville, California's legendary French Laundry restaurant attempting a dramatic saber opening of a $2,000 bottle of Billecart-Salmon brut.

French Laundry disinfecting their kitchen floors for the new year with some questionable technique from r/wine

(r/wine) Read the rest

...