Vetri Family Sells Restaurants to Urban Outfitters

In a move that no one saw coming, parts of the award-winning Philadelphia restaurant group, Vetri Family, is being sold to Urban Outfitters. Osteria, Amis, Pizzeria Vetri, Alla Spina and more will all be absorbed by the clothing retailer as part of their plan to become more of a lifestyle brand. Chef Marc Vetri, co-owner of the restaurant group, assures diners that "nothing is changing” and he intends on still being involved in every aspect of his businesses. “In meetings, everyone from Urban kept saying, ‘It’s more crucial than ever that you guys are at your restaurants,’ " he says. The group’s first restaurant, Vetri, and the restaurant group’s charitable foundation will not be sold to the clothing retailer. While the terms of the deal have not been officially disclosed, some media outlets have reported that the group of restaurants was sold for less than $20 million and the company has plans to attach pizzeria concepts to new Urban Outfitters locations.

Chef Vetri insists that the main reason for the sale is to have access to more capital for his restaurant group. It will be interesting to see how diners react to the news and what, if any, changes are made to these restaurants as part of the sale. Will more restaurant operators follow suit and partner with companies outside of the food world? Read more.

The 10th Annual Great Chef's Event Boasts an Impressive Lineup of Chefs

A swarm of respectable chefs from around the country will be attending this year’s Great Chef’s Event. The 2015 outing, which marks the event’s 10th year, will be held at Urban Outfitters’ corporate campus on Broad Street on June 9th from 6-9 p.m. Chefs and beverage pros are expected to serve more than 1,000 people at this year’s event.

Started by Marc Vetri and Jeff Benjamin in an effort to support Alex’s Lemonade Stand Foundation, the annual gathering of the culinary scene’s who’s who has grown tremendously. Last year, $1.1 million was raised for Alex’s Lemonade Stand Foundation and the Vetri Foundation for Children. 

Some of the chefs listed to attend include Matt Accarrino of San Francisco’s SPQR; Timon Balloo, representing Miami’s SUGARCANE Raw Bar Grill; Amanda Cohen of NYC’s Dirt Candy; Jose Garces of the Garces Group; Jenn Louis from PDX’s Lincoln Restaurant; and Jon Shook and Vinny Dotolo of LA’s Animal, amongst many more.

Tickets for the event are $350 for a general admission ticket and $525 for after-party access.

For the full attendee list and for more details, read more here.