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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

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