Dean & Deluca Stops its Expansion Plans

The New York Post reports that gourmet grocer Dean & Deluca, which is owned by Thailand-based Pace Development Corp., is putting the brakes on expanding.
See: https://nypost.com/2017/11/07/dean-deluca-halts-expansion-plans/

“The company is investing in the strategic reassessment required to solve legacy issues and the current challenges that are facing brands in the retail sector,” Pace said in a statement. The private equity firm said it would not expand Dean & DeLuca’s footprint and is instead focusing on its existing stores — 10 in the US — and its scores of licensed properties abroad.

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The DD&M Hospitality Matters Law Blog examines topics and developments of interest to food and beverage groups and other restaurateurs, hotel owners and developers, and private equity and other investors active in the hospitality space, and others with an interest in recent legal and other developments concerning the hospitality space. This blog focuses on New York, but also includes developments from other jurisdictions.

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