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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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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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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