by Chloe

Gastronomy & Food Service

Australia’s Fable Foods Arrives in the USA With Celebrated Vegan Restaurant Chain Beatnic

As part of World Vegan Month, the vegan restaurant chain formerly known as byChloe which rebranded as Beatnic this July, is partnering with Australia’s  Fable Food Co, to bring its mushroom-based meat products to the US for the first time. Headquartered in New York City, Beatnic operates ten restaurants in NY, Providence, and Boston.  “It’s incredibly exciting for us to bring our meaty mushrooms to the US market and be a part of Beatnic’s story as they continue to push the envelope and reimagine deliciously creative vegan food as we know it.” Fable products are made with Shiitake mushrooms and are created by fine-dining chef and mushroom scientist Jim Fuller, leveraging their nutritional benefits and natural umami flavors. The company closed a $6.5 million AUD …

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Beatnic

©Beatnic
Gastronomy & Food Service

By CHLOE Rebrands to ‘Beatnic’ as it Enters New Chapter Following Bankruptcy

After the pandemic forced fast-casual restaurant by CHLOE into bankruptcy last year, the restaurant group is now rolling out a full rebrand at all locations. Now to be known by the name Beatnic, the brand will retain a similar menu and identity to its previous model.  It has been a bumpy ride for the vegan restaurant which was originally founded by television personality Chloe Coscarelli. She left the chain in 2016 before taking the brand to court over the use of her name. Owned by BC Hospitality Group, the company filed for bankruptcy in December 2020 as the pandemic hit the sector hard. In March of this year, the parent company of the chain agreed to sell the chain out of bankruptcy to a group …

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Chef Chloe Coscarelli

©NYCWFF
Gastronomy & Food Service

Vegan Restaurant Chain By Chloe to Be Bought Out of Bankruptcy, Must Continue Under Different Name

BC Hospitality Group, parent company of vegan fast-casual chain by Chloe, has agreed to sell the chain out of bankruptcy to a group of investors including QOOT International, Simple Capital Management LLC, Kitchen Fund, Lion Capital LLC, and Bain Capital Double Impact Fund. The group has agreed to pay $333,000 as well as the assumption of its debts, though it has been ruled that moving forward it must operate under a different name.   By Chloe launched in 2015 and expanded to 14 locations around the US as well as becoming recently established in London and Canada. The fashionable restaurants saw exponential success, securing $31 million in 2019 for major expansion with plans to open 50 new locations over four years, which would have more …

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by-chloe-food

© by Chloe
Company News

By CHLOE Files for Bankruptcy in a Move “Necessary to Emerge and Thrive Long Term”

By CHLOE, the vegan restaurant chain owned by BC Hospitality Group, filed for bankruptcy with plans to sell itself by mid-February of 2021. The business cites the pandemic and the resulting loss of customers as the reason, stating that a “complete reorganization of the company is necessary for by CHLOE to emerge and thrive long-term”.

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by-chloe-food

© by Chloe
Company News

By Chloe Raises $31 Million to Expand Vegan Restaurant Chain

In 2018 By CHLOE, the New York City-based fast-casual vegan restaurant, received $31 million in funding from Bain Capital, Kitchen Fund, Collaborative Fund and TGP International/Qoot International amongst other investors. The investment will ensure 50 new locations in the next four years, more than tripling the number of stores across the USA and move into Europe and the Middle-East.

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