Republican or Democrat? Catsimatidis picks his poison

first_imgFull Name* Share via Shortlink Email Address* TagsJohn CatsimatidisPolitics Message*center_img Will Catsimatidis switch parties? (Getty) When I think of Feb. 14, three things come to mind: Valentine’s Day, Amazon canceling HQ2 on that date in 2019, and the deadline for John Catsimatidis to switch parties to run for mayor as a Democrat.I bet you didn’t predict that third one.Even folks who are following the free-for-all that is this year’s mayoral race have given little thought to Catsimatidis — despite the media dutifully covering the Republican billionaire’s periodic musings about running.Read moreCatsimatidis considering mayoral runCoffee Talk with John CatsimatidisBillionaire grocer on why he should be mayor Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Politico reported last week that the developer and Gristedes owner who also has interests in oil refining and insurance would soon decide whether to become a Democrat to run for mayor.Catsimatidis’ logic, as he told Politico’s Erin Durkin, is: “With ranked choice voting in the primary, who knows what happens?”With New York voters ranking up to three candidates on their ballots for the first time, we don’t know who will win. But we know who won’t: Catsimatidis.I don’t mean to insult the man. He is, after all, a self-made billionaire, not to mention a graduate of test-in high school Brooklyn Tech. But he’s not so much a genius as a savant — a college dropout who parlayed ambition, intuition and luck into a $3 billion fortune.Catsimatidis left New York University and bought a $10,000 stake in the Upper West Side 7-Eleven where he worked. He repaid the money and by age 25 he had 10 Red Apple stores.Though he is best known for Gristedes, it was oil that made him uber wealthy.He bought United Refining out of bankruptcy in 1986, having come across the opportunity while in bankruptcy court on an unrelated case. It made sense to own gas stations that could sell the fuel he was refining from Canada’s sludgy crude, so he bought some. He now has nearly 300 Kwik Fill and Red Apple Food Mart locations across three states.His business skills, however, do not translate to New York politics. He spent $11.4 million in losing the 2013 Republican primary for mayor by 12 points to Joe Lhota ($6.6 million), who in turn was crushed by Bill de Blasio, 73 percent to 24 percent.Nothing in Cats’ history suggests he will spend $75 million to $100 million of his own money on a campaign, like the much wealthier Michael Bloomberg did three times. But if he did, he would still lose.Even before Donald Trump’s presidency, city voters had soured on Republicans, which is why Bloomberg left the party a year before his 2009 run. Hence, Catsimatidis’ idea to run as a Democrat.“We’re just exploring it,” he told me yesterday. “We’re deciding if it makes any sense.”Asked if he is polling to gauge his chances, Catsimatidis said, “Polling? That’s the biggest con game in the world.”He noted that for years, he was a Bill Clinton Democrat. “I can be a conservative Democrat, or I can be a liberal Republican,” he told Durkin.But a conservative cannot win the Democratic primary, where voters are a mix of liberals, moderates and socialists. They will not vote for someone who says, as Catsimatidis did to Durkin, that Trump “did a great job for our economy. He did a great job sealing the border.”Trump’s approval rating among Democratic primary voters is somewhere south of infinitesimal.And forget the idea that GOP voters will switch parties and make a difference in the Democratic primary. Nearly 650,000 people voted in the 2013 Democratic primary, and just 57,000 in the Republican contest.Catsimatidis also has no shot at the tiny wonk vote, because he is Trump-like in his approach to studying policy. He is, to put it kindly, a big-picture guy.What about ranked-choice voting? The new system does not make hopeless candidates viable. It just lets New Yorkers vote for one without fearing their ballot will be wasted — because their second or third choice will be counted when their first falls short.No, this will not be John Catsimatidis’ year, no matter which party he chooses.Contact Erik Engquistlast_img read more

Stuy Town to get new 17K sf grocery store

first_img421-427 East 14th Street (Google Maps, iStock)A new supermarket is coming to Stuy Town.Chef’s Local Harvest inked a 17,300-square-foot lease at 421-427 East 14th Street, taking over a former Associated Supermarket store, according to Okada & Company, the firm representing the grocer.The location has been left mostly vacant since the onset of the pandemic, according to amNew York, which first reported the deal. The building is owned by Blackstone Group, which bought the massive Stuyvesant Town-Peter Cooper Village complex in 2015.Father-and-son pair Paul and Aaron Fernandez own the store, along with eight other grocery stores in the city, including the Union Market chain and Ideal Marketplace.The store, which has about 10,000 square feet on the ground level along with 7,300 square feet of the usable basement, will be renovated and is expected to open early 2022.Okada & Company’s agent Matthew Fernandez — who is related to the grocery’s owners — handled the deal. JLL and Ripco Real Estate represented Blackstone Group. [amNY] — Akiko MatsudaRead moreCity sides with tenants at Stuy Town in case against BlackstoneStuy Town tenants sue Blackstone to stop rent hikesBehind Blackstone’s “capital strike” Email Address* Message* Full Name* Tags BlackstoneCommercial Real EstateRetail Real Estatestuyvesant town Share via Shortlink Contact Akiko Matsuda Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

Are you lookin’ for a fight?

first_imgTo attain an Extraordinary Blue is no mean feat, but 2nd Dan Black Belt Justine Potts is no ordinary girl; President of Oxford University TaeKwon-do, she juggles her martial arts with a classics degree, as well as rowing for her college and captaining Balliol’s cricket side. Furthermore, having begun TaeKwon-do at the age of seven and reached Black Belt before her twelfth birthday, she staunchly insists: ‘I don’t actually like fighting’ – extraordinary? When her father took his seven-year-old daughter to a TaeKwon-do demonstration in the hope that she might be inspired to learn to defend herself, he could not have anticipated how readily she would take the bait. Thirteen years later with a varsity win, National and International medals and 5 years of teaching TaeKwon-do behind her, she has also cross-trained in a variety of martial arts. For Justine, TaeKwon-do is ‘a way of life, not just a sport.’ She explains: ‘it trains the mind as well as the body,’ and is keen to emphasise the sparring as part of training up, and not as an opportunity to smash another person in the face. Oxford was the first TaeKwon-do club in Britain, and Justine is loyal to the style they practice (ITF), which she describes as faster and more elegant than that of their Light Blue rivals (WTF). ‘Varsity is a very big thing,’ Justine asserts; ‘because Cambridge practices the other variety, it becomes almost a defence of our style.’ Last year’s varsity victory was sweet for this dedicated Oxonian, but competitions are not at the centre of Justine’s martial arts philosophy. To compete, she says, ‘you really have to believe that you are superior to the person you are competing against, which is not something I like thinking.’ In earlier years she was accused by peers of hypocrisy for teaching and not competing herself, so she entered the TAGB British Championship at the age of 17. With the gold medal hanging around her neck, Justine successfully silenced her critics by proving that an aggressively competitive attitude is not necessary to train and be the best in TaeKwon-do. After years of training and extensive reading in and around this field, it is not surprising that Justine has developed her own philosophies: ‘for me, TaeKwon-do is more an art than it is a sport. And I think it should be more of an art.’ The science and art inherent to martial arts may be accessed on both a physical and intellectual level, she claims, and quotes Bruce Lee, who described martial arts as an ‘expression of the human body.’ ‘It is a question of defending yourself and knowing the limits of your own power and aggression,’ she says; ‘when it comes to teaching I really insist on people having good experience of all martial arts. I teach practical self-defence, and often incorporate weapons training, with sticks of knife defence techniques. TaeKwon-do does not teach grappling, so I sometimes teach a class in that, inspired by other martial arts.’ Naming Bruce Lee’s ‘Jeet Kune Do’ as the other martial art she would be keen to train in because of its incorporation of different styles, it becomes clear that Justine’s success in TaeKwon-do is due not simply to her physical fitness and stamina, but is a matter of intelligence and attitude. Given this 19-year-old’s size and stature, her assurance that, ‘I really wouldn’t be put off by an 18 stone man attacking me’, seems preposterous. It is not by aggressive self-assertion, but with characteristically calm demeanour that Justine reveals her secret: ‘there are pressure points that will take someone down, no matter how big or small they are.’ What would a Blues boxer make of that, I wonder?Have you ever had to defend yourself outside training?“Luckily not. I have had to step in for people before, but often the key is to talk yourself out of the situation and when you’re in situation like a crowded bar, to position yourself correctly to protect yourself in case of trouble.”What is the hardest thing you have had to do?“In physical terms, my black belt grading was the most horrendous experience of my life. In one of the pre-grading sessions the motto was: ‘it isn’t real training if you don’t throw up.’ I remember turning around in the corridor to see the 40-year-old man behind me breaking down into tears because of the physical effort and extreme pressure on us. It sounds horrible, but it made me stronger, and taught me to never give up and to remain calm when facing difficulties.”What is the most difficult break you have managed?“Probably a jumping twisting kick, breaking three boards. I did it first time – I had to!”Is there any situation in which you would be scared to defend yourself?“Well, I would never even attempt to fight if someone had a syringe, and possibly not in the case of a gun. You see, with a knife you are likely to get cut, but there are techniques to ensure you are not cut in a place that will be fatal. This is not possible with a syringe. If it sticks in anywhere you could have AIDS and that’s it. It depends on the circumstances though – I’d always weight up the situation and try to talk my way out first.”last_img read more

Allegations of homophobia at Cellar

first_imgTwo gay Oxford students were the victims of homophobic abuse at The Cellar nightclub on Thursday 26th February, after they were seen kissing on the dance floor.Both students have requested to be identified solely by their first name.Sacha, one of the victimised students, explained to Cherwell, “I was dancing on the main dance floor, and then me and this guy went to the other room, where there are a few tables and seats. We sat in a corner by a table and started kissing.“A man, who was roughly forty five years old, tapped me on the shoulder. From the minute I got tapped on the shoulder, I knew it was going to be something homophobic. I was expecting it in a way.”The man reportedly said to Sacha, “What the fuck are you doing?”, to which Sacha replied, “I’m kissing.” The man then told Sacha and Josh, the other student involved, that “This is not a gay club”, prompting the two students to stand up.Sacha explained that at this point, “I just saw that it [the conversation] would degenerate, so I went to the bar and looked helplessly at the guy standing behind the bar. Then a strong, muscular man joined in. He was much more aggressive than the other man; he was shouting insults at us and threatened to punch us. My friend didn’t want to back down. We weren’t going to let this go.”The man who had been shouting homophobic insults at the gay couple then purportedly head-butted Josh. Sacha elucidated, “He just went for him. It wasn’t strong enough to make him bleed or break his nose or anything, but he went flying back, and we were both in shock afterwards.“You don’t really realise to what extent something is shocking or intolerable until the next morning – we tried to carry on as if everything was normal. We went back to the main room, and started dancing. We kissed again, and this is when we were approached by a bouncer, who asked us to leave.”Allegedly, the bouncer asked the students to leave as they had been kissing in the middle of the club. Sacha recounted to Cherwell how the bouncer said to him and Josh, “I’m not looking for trouble, but you might make some people angry. You’re provoking other people.” However, Tim Hopkins, the Venue Manager at The Cellar, denied that the couple were asked to leave, saying, “The students said they would leave anyway. The Cellar is a forward thinking place, we’re not homophobic. This was probably a bit of a misunderstanding. The bouncers did chuck out someone who was uncomfortable with the two guys kissing.“People can kiss in The Cellar. Our policy on kissing is that it’s absolutely fine, but we tell people to hold it down if it’s any more than kissing. If you’re gay and you want to kiss in The Cellar, you can. It’s a case by case situation – if there’s a heterosexual couple in the corner, and it gets a bit frisky, we’ll ask them to calm down a bit.”Hopkins reiterated, “We wouldn’t kick out some gay people for kissing in The Cellar. We’re a friendly music venue that embraces all walks of life and cultures and whatever. We don’t discriminate at The Cellar.”After leaving the nightclub, Sacha told Cherwell, “I was so fuming, looking for someone to complain to. I wanted to go back in.” However, the bouncers refused Sacha entry. Sacha continued, “I must have looked too angry or violent or gay or whatever.”Describing his anger at the bouncer’s treatment of him and his friend, Sacha said, “It was absolutely insane. The Cellar is probably one of the most promiscuous, incestuous places in Oxford.” He further added that he had believed the nightclub to be, “Alternative and open-minded”.Former Merton LGBTQ rep Alex Beecham commented, “I was angered to hear that two friends of mine had been subjected to such appalling homophobia in The Cellar and by their staff, and was surprised as I have often seen same-sex couples kissing there and have myself considered The Cellar to be one of my favourite places in Oxford. Many in Oxford’s LGBTQ community will avoid that club to its detriment unless the management reacts appropriately to ensure that we do not have to fear the threat of violence and intimidation.”As his College’s LGBTQ rep, Sacha posted about the incident on the College LGBTQ reps Facebook group. He commented, “I was completely lost, with no idea what to do. Reactions from friends in College were extremely supportive, and on the wider LGBTQ reps Facebook group – they were great as well.”The President of the Oxford University LGBTQ Society, Otamere Guobadia, expressed outrage at the news, telling Cherwell, “To be a minority, even in Oxford, our self-proclaimed ‘bastion of progression’ is to be in constant vigilance. There are the daily microagressions that feed into wider prejudices and contribute to othering and alienation, but then there are these very real very tangible acts of violence; acts that threaten our bodily integrity and what little sense of welcome we have in society.“My college [Univ] flew the rainbow flag for the first time in its centuries long history today, and yet under these spires we are still being denied our right to determine their own lives and loves. We will not let this go. Our bodies have a right to take up space, and own who we are in public spheres, and to say that this is horrendous is an understatement. Fuck queerphobia and fuck establishments that perpetuate it.”Hopkins told Cherwell, “If they’d [Sacha and Josh] like to have a chat with me personally, I’d be happy to do that”, further adding that The Cellar would review CCTV footage of the night to assess the claims of homophobic assault.last_img read more

U OF E Men’s Basketball Defeats Top-Ranked Kentucky At Rupp Arena

first_imgFacebookTwitterCopy LinkEmailShare Box Score (PDF)Tuesday’s game marked the third time in Evansville (2-0) history that the Aces took on the #1 team.  The win also had major significance in Missouri Valley Conference history as the victory was the first time a member school defeated a top-ranked non-conference team on the road.  It was the 13th-ever MVC win over a #1 school and the ninth in non-conference play.  The last Valley win over the #1 school since Nov. 21, 2015 when UNI defeated North Carolina in Cedar Falls.“I don’t know if anything matches this other than winning a national championship from a basketball standpoint,” Aces head coach Walter McCarty said. “It’s awesome to be able to come in here and play on this type of stage and my guys, I have a good group of guys. They love each other and they’re really connected. And this group to come in here and be able to do that is just awesome.  It does not get any better than that.”Leading the Purple Aces was senior K.J. Riley.  He scored 18 points while going a perfect 8-for-8 from the line.  Sam Cunliffe posted his second 17-point effort in as many games.  He hit six shots with two coming from outside.  He also added a team-high six rebounds.  Kentucky (2-1) saw Immanuel Quickley score 16 points to go along with 9 rebounds.  Tyrese Maxey recorded 15.The win marked the 17th in program history against ranked opponents.  The last win came on January 1, 2015 when UE defeated #23 UNI.  The highest previous opponent that the program defeated came when the Aces took down #7 Purdue on Dec. 19, 1983.After Kentucky scored the opening three points of the night, Noah Frederking got UE on the board with a layup.  Jawaun Newton drained a three on an in-bound player to tie it up at 5-5 and six minutes in, Sam Cunliffe dunked it to give UE its first lead at 10-8.The Wildcats rebounded to back a 16-15 lead, but with 10:28 left in the half, Cunliffe was true from long range and gave UE a lead that it would not give up for the remainder of the half.  It started a 9-0 stretch, including seven in a row by Cunliffe.  Artur Labinowicz wrapped up the run on a second-chance layup that pushed the lead to 24-16 with 6:13 left in the half.Held scoreless for four minutes, Kentucky scored four in a row to cut the Aces lead in half, but a triple by Riley and a pair of free throws on the ensuing possession gave the Aces a 29-22 lead.  UK closed in the final moments as they went to the half trailing the Aces by a 34-30 margin.  Cunliffe was the top performer in the opening 20 minutes, scoring 15 points on 6-of-9 shooting.Noah Frederking drained a triple in the first possession of the second half, but the top-ranked Wildcats worked their way back, eventually tying it up at 44-44 as Tyrese Maxey scored five in a row, including the tying triple with 12:25 on the clock.  Kentucky would retake the lead at 48-46 on a pair of free throws a minute later.Shamar Givance made sure that lead did not last too long as the next possession saw him nail his first bucket of the game – a triple to give the Aces the lead.  After UK tied it back up with eight minutes remaining, it was UE’s senior coming through once again, draining his second trey make it a 56-53 contest.Williams’ fourth basket of the game, coupled with a confident three from Frederking, saw UE establish a 61-55 advantage at the 4-minute mark.  UK got within three in the final minute at 65-62 on a Quickley layup.  Following a UE turnover, the Wildcats had the ball down three with 14 seconds left.  Maxey drove to the basket for a layup to make it a 1-point game.  On the inbound, the Wildcats fouled Sam Cunliffe.  With the game hanging in the balance, he drained both free throws to push the lead back to three.  Kentucky had one final chance, but a Maxey triple at the buzzer fell short, giving UE the win.In just two days, the Aces are back home as they take on IU Kokomo on Thursday evening at 6 p.m. inside the Ford Center.Print Friendly Version Team Statistics FT%.923.800 Team Statistics TO1413 FG%.383.370center_img RB3835 Game StatsEvansUK Men’s Basketball Defeats Top-Ranked Kentucky At Rupp ArenaLEXINGTON, Ky. – For the first time in the University of Evansville men’s basketball history, the Purple Aces have defeated the top-ranked team in the land as UE earned a 67-64 win against the University of Kentucky on Tuesday night at Rupp Arena. 3FG%.300.235 STL26last_img read more

Council Approves Funding for $9 Million in Projects

first_imgRoad and drainage projects are major parts of the funding package. By Donald WittkowskiCity Council approved $9 million in funding Thursday night for a series of road, drainage and dredging projects that will get underway in the fall.The bond ordinance includes $4.2 million to rebuild roads and alleys, $1.8 million for drainage improvements and $3 million for dredging.The projects are part of an ongoing strategy to protect the island from flooding, replace aging drainage pipes and clear out lagoons along the bay backs that are choked with sediment, said Frank Donato, the city’s chief financial officer.Donato told the Council members that the projects are consistent with Ocean City’s capital plan, a sweeping blueprint to upgrade the public infrastructure. Construction work is expected to begin in the quieter fall months to avoid disruptions during the peak summer vacation season.The road, alley and drainage projects go hand in hand, Donato said. They will be scattered across the city as part of an aggressive program to ease flooding throughout the low-lying barrier island. Roads will be elevated to make them more flood-resistant.Aging drainage pipes that date back decades will be replaced. In an earlier interview, Donato said that pipes in some parts of the city could be close to nearly a century old.The funding will continue the dredging program for lagoons and channels along the back bays.Meanwhile, dredging is scheduled to start in the fall at North Point Lagoon at the end of Bay Avenue in the Gardens section of town. The same area is also known as the Gardens Lagoon.In the past three years, the city has been spending millions of dollars to methodically clear out channels and lagoons along the back bays that are laden with mud and silt.The dredging program planned for this fall also includes maintenance projects that will improve tidal flow and keep sediment from building up at the mouths of other lagoons. Maintenance will be done at lagoons throughout the city, Donato said.In other business at Thursday’s Council meeting, City Business Administrator George Savastano strongly criticized Ocean City’s waste-hauling contractor for falling behind on trash and recycling collection.“They are still not caught up as of today,” Savastano said of the company, Gold Medal Environmental.Savastano called the delays with trash and recycling collection “completely unacceptable” and noted that the city may consider legal or contractual penalties against the company.“They don’t want to get in our crosshairs, and now they are,” he said.City Business Administrator George Savastano says legal or contractual penalties will be considered against Ocean City’s waste-hauling contractor following delays with trash and recycling collection.Earlier in the day, Mayor Jay Gillian posted a statement on the city’s website that also criticized Gold Medal for “major delays.”“The administration is doing everything in its power to compel the company to meet its contractual obligations,” Gillian said.Gold Medal was unable to respond to the “exceptionally high” amount of trash and recycling stemming from the huge influx of visitors for the Fourth of July weekend, the mayor and Savastano said.“We don’t accept those excuses,” Savastano said. “We’re going to continue to do whatever we can to compel compliance with the contract.”Hoping to catch up, the company has added more trash and recycling trucks to nearly double the size of its fleet compared to earlier this week, city officials said.Savastano noted that he has received assurances from Gold Medal that the company will be ready for the city’s Night In Venice celebration this Saturday. The annual boat parade along the bay traditionally attracts tens of thousands of spectators and is considered Ocean City’s premier summer event.After the public portion of their meeting, the Council members convened in closed session to discuss the possibility of buying a coveted piece of private property.Also Thursday, Council met in closed session to discuss the possibility of making a second attempt to acquire a large tract of land bordered by Simpson and Haven avenues between 16th and 17th streets. The site formerly served as the location of a now-defunct Chevrolet dealership.City Solicitor Dorothy McCrosson said the city has not yet started formal negotiations with the property owners this time around.“There’s no deal yet. We’ve agreed to discuss it, but we haven’t formally started negotiations,” McCrosson said in an interview before heading into closed session to brief Council on the property.The land owners, brothers Jerry and Harry Klause, of Klause Enterprises, were granted Ocean City planning board approval earlier in the year to develop 21 single-family homes on the site.City officials, in their attempts to buy the property, want to preserve the land as public space to protect it from densely packed housing construction that would add to the town’s overdevelopment.The city tried to buy the same property last year from Klause Enterprises for $9 million, but the deal fell through when the community group Fairness In Taxes circulated a petition drive for a voter referendum to block the purchase.FIT objected to the proposed purchase price, arguing that it was dramatically higher than what the city should pay. Dave Hayes, FIT’s president, said in public remarks to Council on Thursday that his organization “completely supports” the city’s attempt to buy the land if it can acquire the site for a lower price.The land surrounding an old Chevrolet car dealership building is being eyed by the city again.The mayor recently announced his intention to try to buy the property again. He ordered a new set of property appraisals as the first step in possible negotiations with the Klause brothers.In the meantime, the city has reached a deal with Klause Enterprises to lease the land for $9,000 for public parking over the summer. The site will be used by the city through Sept. 9 for free parking.The property will help provide parking during the busy summer months for the adjacent Ocean City Community Center, which houses the library and the aquatic and fitness center, and the Palmer Field recreation complex.last_img read more

Mike Holling, president, National Association of Master Bakers

first_imgNow summer’s over, it’s time to gear up for Christmas – and let’s hope there’s no repeat of the extreme weather that made this year’s summer fall flat.Christmas Day falls on a Tuesday this year, which always carries complications. Do you trade on Sunday, and if so, what hours? Or will your customers wait until the last possible moment to buy?Christmas is still one of the best opportunities for bakers to show off their skills, and there’s nothing more eye-catching than a window full of colour, with good merchandising.If you’ve seen a sales decline in the traditional Christmas lines, counter it by increasing sales in novelty lines, such as gingerbread or shortbread shaped biscuits decorated as Santa or snowmen, along with Santa lollipops which, if wrapped, can be displayed on the counter top.The challenge is always to find extra sales in the festive period. Consider adding a festive sandwich to your takeaway offering, or a turkey, cranberry and stuffing slice to your bake-off range. While these lines may have a four-week sales window, it does give you the chance to offer something different.Customers are looking for convenience and the baker has a major role to play here. Look to develop buffet items for festive parties. As I write this, I am sure that supermarkets are putting Christmas lines on the shelves – and worryingly, there are only 18 weeks to the big day.But I’m sure you didn’t need reminding of that!last_img read more

News story: Apply to the Attorney General’s London A, B or C Panel of junior counsel

first_imgThe Attorney General is seeking to appoint new members to three of his panels of junior counsel, the London A, B and C panel, to undertake civil work for government departments.The next competition will open on Tuesday 19 February 2019.Membership of the London panels is open to both barristers and solicitors with the appropriate qualifications.There is a wide variety of expertise required, not just in public law, to meet the needs of government across the civil courts and tribunals.Seminar for potential candidatesPlease see the attached flyer (MS Word Document, 56.5KB) publicising a seminar to be held on Tuesday 5 March for anyone considering making an application this spring.last_img

Peyton and Byrne nets funding for growth

first_imgPeyton and Byrne has secured £6.25m worth of investment to help open new outlets and create up to 200 new jobs.The retail bakery business, which announced just over a month ago it would be opening up to 10 new sites in the next year, said the financial backing from independent group Business Growth Fund (BGF) would be used to accelerate the company’s roll-out programme of high street bakeries in the next four years.As a result of the move, Peyton and Byrne said it will be hiring approximately 200 new employees in the process, as well as “facilitating its expansion plans within the premium end of catering in iconic visitor attractions”.Oliver Peyton, owner of Peyton and Byrne, said: “Peyton and Byrne has established itself in some of the finest venues in the world and we believe that now is the right time for us to take the next step. We know there are lots of opportunities for our company, both in our existing venues, in other premium visitor attractions and important iconic cultural venues, where we will continue to expand. “BGF is offering the chance to take full advantage of the opportunities available to us to and it is absolutely fantastic to see British retail businesses being backed in this way. We liked the fact that BGF is providing expansion capital to high-growth businesses like ours – the type of funding that will continue to contribute to the recovery of the UK economy.”As part of the announcement, Peyton and Byrne said it had appointed two new members to its board including Mike Johnson, managing director of contract catering firm Sodexo, as non-executive chairman, as well as Alistair Brew, investment director at BGF, as non-executive director.Brew said: “A large part of Peyton and Byrne’s growth will come from expanding the portfolio of bakery sites and restaurants and we felt that BGF’s mix of patient growth capital and desire to provide additional help and expertise across the business was an ideal fit for the company.“With the injection of funding, a strengthened management team and multiple growth drivers across all areas of the business, we look forward to being part of an exciting and growing brand in the UK.”last_img read more

Follow Live: Truck Series qualifying, 4:35 p.m. ET

first_imgWATCH: Logano celebrates Michigan win WATCH: Johnson out early at Michigan READ: Full coverage from Michigan, Mid-Ohio READ MORE:center_img Click here to follow NASCAR Camping World Truck Series qualifying live, Aug. 21. WATCH: Dillon spins in Stewart’s No. 14last_img