Urban Outfitters To Acquire The Vetri Family of Restaurants

Philadelphia — Urban Outfitters, Inc., a leading lifestyle specialty retail company, has entered into an agreement to acquire substantially all The Vetri Family group of restaurants, including the award-winning Pizzeria Vetri.

“Having known [chef] Marc [Vetri] for almost a decade and partnered with him through his charitable foundation, we are honored to have him, [his business partner] Jeff [Benjamin] and the Vetri family join the URBN team,” says Richard A. Hayne, CEO of Urban Outfitters, Inc. “Spending on casual dining is expanding rapidly, and thus, we believe there is tremendous opportunity to expand the Pizzeria Vetri concept.”

Recently, Food and Wine Magazine named Pizzeria Vetri the best pizza restaurant in America.

As of October 31, 2015, Urban Outfitters, Inc. has 240 Urban Outfitters stores in the United States, Canada, and Europe, catalogs and websites; 214 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 112 Free People stores in the United States and Canada, catalogs and websites; and Free People wholesale, which sells its product to approximately 1,600 specialty stores and select department stores worldwide.

SOURCE: Urban Outfitters, Inc.

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