‘Don’t spend $20 on an acai bowl’: gen Z are shunning private equity’s restaurant takeover

As reported by Guardian Business · Updated 21 Sept, 14:51

As more PE firms invest in food establishments, people are bemoaning the ‘same-ification’ of NYC’s restaurant scene Los Tacos No 1 is a classic New York success story. After the Mexican-style taco joint opened in 2013, it quickly became a critic’s pick in the city’s paper of record , drawing long lines and a devoted lunchtime crowd. As word spread about its juicy al pastor and handmade tortillas, it expanded to nine locations. Then, this September, bad news struck : Los Tacos No 1 had received an undisclosed amount of funding from private equity firm TSG Consumer. According to a press…

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• ‘Don’t spend $20 on an acai bowl’: gen Z are shunning private equity’s restaurant takeoverGuardian Business · 21 Sept, 14:51