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Food & Hospitality

40North Restaurants acquires Morristown’s Town Bar + Kitchen

40North Restaurants, the full-service division of Villa Restaurant Group, has acquired Town Bar + Kitchen restaurant in Morristown from Town Management Group. 40North acquired the whole building at 80 Elm St. as part of the deal. Town Bar + Kitchen joins 40North’s portfolio of other restaurants including The Office Tavern Grill locations in Morristown, Summit ...

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Borgata to build $11M sports betting ‘destination bar’

The Borgata Hotel Casino and Spa in Atlantic City will start construction next week on an $11 million sports betting bar, the luxury resort announced Wednesday. Borgata’s “destination bar” is slated to open this summer, according to the announcement. On June 14, 2018, Borgata was the first casino to roll out sports betting, the same ...

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From concept to creation, FIC ‘one-stop shop’

Have you ever spotted Soupman products in your local grocery store? What about the plant-based Impossible Burger on the menu at any of 5,000 eateries from Michelin star restaurants to White Castle? Without the Rutgers Food Innovation Center, it’s likely neither would have been brought to market.

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Paul Chibe, CEO of Parsippany-based Ferrero North America,

Premium play Ferrero NA CEO Chibe aims to bolster company’s US presence

Ferrero North America has made some big moves in the last two years. It acquired Nestle’s U.S. candy business for a reported $2.8 billion in January, making it the third-largest chocolate company in the country. They nabbed Illinois-based Ferrera Candy Co. a few months before that and Midwestern mainstay Fannie May Chocolates the previous spring. Now, they’re rumored to be on the verge of buying Campbell Soup Co.’s international business and snack segments — though Paul Chibe, CEO of Ferrero North America, would not comment on the speculation.

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Caesars, Golden Nugget fined over illegal sports betting

Golden Nugget Atlantic City and Caesars Entertainment Corp. were both penalized by the Division of Gaming Enforcement for accepting sports wagers for New Jersey college football teams in September, according to DGE filings. The state’s sports betting laws prohibit wagering on any sporting events involving New Jersey collegiate teams, as well as any events happening ...

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