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Danny Meyer Invests in Joe Coffee
Interesting….”Long regarded as a leader in New York’s fine-dining world, Danny Meyer is making moves into the casual ranks of the city’s culinary scene. The restaurateur’s Union Square Hospitality Group (USHG), which encompasses a range of high-price dining spots such as the Michelin-starred Gramercy Tavern and the Modern, is investing in Joe Coffee, a New York-based coffee chain with 13 locations in the city and two in Philadelphia.”
“Historically we’ve had the privilege of investing in some incredibly special companies whose cultures, leaders, and innovative business models caught our eyes, and Joe is no different,” said Danny Meyer, Chief Executive Officer of Union Square Hospitality Group. “USHG has had a meaningful relationship with Joe Coffee and founder Jonathan Rubinstein for many years, both as avid fans of their coffee bars and also having served their coffee at Union Square Events for years. We chose to make this investment with Joe Coffee because they are dedicated to the pursuit of making flawless coffee, are led by passionate and exceptional management, and share the same hospitality values as USHG.”
“We are incredibly proud and humbled that USHG and its affiliates have chosen to invest in Joe,” said Jonathan Rubinstein, Co-Founder and President of Joe Coffee. “Danny Meyer is a leader I have admired my entire professional career and to have the opportunity to partner with him and his outstanding team at Union Square Hospitality Group is a dream come true. With this new funding, we will continue to do what we love – roast, brew, and serve the best quality coffee with genuine hospitality – and now we are excited to bring Joe to even more great communities across the country.”
