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US food tech startup in $100m deal to expand into KSA


A US-based food technology platform has announced a new $100 million Saudi joint venture targeting 550 outlets by 2026, with the first set to launch in Riyadh early next year.
Creating Culinary Communities (C3) Arabia has been valued at $100 million and will be 49 percent owned by parent company C3 with Saudi investment firm WK Holding owning the remainder.
Launched in 2019 by American serial entrepreneur Sam Nazarian, C3 currently operates around 250 food locations throughout the US. This year the company also launched the Citizens Go app, which allows users to order from multiple restaurants as part of a single order.
C3’s expansion into Saudi Arabia will be fully funded by Smart Food Holding, a division of WK Holding. ....

Saudi Arabia , Ar Riya , United States , Dani Garcia , Martin Heierling , Masaharu Morimoto , Romain Fornell , Layla Abuzaid , Sam Nazarian , Katsuya Uechi , Dario Cecchini , Wk Holding , Smart Food Holding , Culinary Communities , Michael Israel , Vincenzo Rossy , Umami Burger , Crispy Chicken , Krispy Rice , Citizens Food Hall , Al Ahsa , Al Kharj , Khalij Times , Gulf News , Saudi Gazette , King Abdullah ,

5 Things: Michelin stars resume; Nevada to open at 100% capacity


Plus, Stephanie Izard debuts event space, test kitchen in Chicago
 
Each week, Restaurant Hospitality gathers five stories that impact independent restaurant operations that you may have missed.
Here’s your list for the week of April 19:
35% of restaurants across the country didn’t pay rent in March
Restaurant operators’ ability to pay rent is improving, according to the small-business network Alignable. A monthly poll indicated 35% wouldn’t pay rent versus 63% unable to meet lease terms in March. However, the Boston-based referral network said Friday that more than half of surveyed minorities that own small businesses could not afford to pay April rent on time. ....

New York , United States , Sam Nazarian , Los Angeles , Stephanie Izard , Nabeel Alamgir , Stephen Sisolak , Washington Post , Restaurant Hospitality , April Rent Poll , Culinary Communities , Northern California , New York City , James Beard Awards , Little Goat Diner , Duck Goat , Little Goat Branded , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , சாம் நஜரியான் , லாஸ் ஏஞ்சல்ஸ் , மாற்றாந்தாய் இஜர்த் , நபீல் அளகிற் , வாஷிங்டன் போஸ்ட் , உணவகம் விருந்தோம்பல் , சமையல் சமூகங்கள் ,