Urban Outfitters buy Italian restaurant chain

Urban Outfitters

Urban Outfitters, best known for their clothing and homewares have bought an Italian restaurant chain. The retailer also known as UO, have made a bold move in diversifying their portfolio by purchasing the Vetri Family group of restaurants.

UO, which is based in Philadelphia has 2 Irish stores in Dundrum Town Centre and Temple Bar, Dublin 2. The price has not been released, but the sale was confirmed yesterday. Certain UO stores already have an in-store food offering with cafes, but the acquisition of a restaurant chain is an unusual move for the fashioned focussed retailer.

It is believed that Urban Outfitters will help expand the restaurants to a wider audience while the Vetri family focuses on the food.

Source: http://www.irishtimes.com/business/retail-and-services/urban-outfitters-buys-italian-restaurant-chain-1.2432208