Is your business built upon a genius idea? Does your brand have a great culture and consumer following with a proven record that can sustain expansion? Are you open to receive a monetary investment and advice from a top restaurateur to grow your business?
Those are the parameters Shake Shack founder Danny Meyer and his team will be evaluating in his next venture.
Union Square Hospitality Group (USHG) has raised $220 million for a private equity fund that will invest in 10 to 15 fast casual restaurant concepts, hospitality-facing technology companies and other businesses that share the hospitality group CEO’s employee-centric values.
“Employees first, customers second, community third, suppliers fourth, then investors fifth,” said Meyer today in a “CNBC” Squawk Box interview, as he defined the concept of— enlightened hospitality.Read More