PHILADELPHIA, PA—In an unusual crossover from fashion to food, Urban Outfitters, which owns Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, is acquiring substantially all of The Vetri Family group of restaurants including award winning Pizzeria Vetri.
As previously reported by GlobeSt.com, Vetri recently negotiated an early exit from its lease for its Osteria restaurant at PREIT's Moorestown Mall location, amid news reports that the high-priced, upscale restaurant was meeting resistance from mall visitors on its pricing. PREIT has announced that Osteria, which will close November 21, will be replaced by another locally owned Italian restaurant, Catelli Duo.
"Having known Marc for almost a decade and partnered with him through his charitable foundation, we are honored to have him, Jeff and the Vetri family join the URBN team," says Richard A. Hayne, CEO of Urban Outfitters. "Spending on casual dining is expanding rapidly, and thus, we believe there is tremendous opportunity to expand the Pizzeria Vetri concept."
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
