Marc Vetri, the Philadelphia chef who sold most of his restaurant empire to Urban Outfitters, is now leaving the publicly traded South Philly-based retailer, saying he has “given them all the tools they need to succeed and grow this company to its fullest potential.”
Vetri’s departure, announced in an Instagram post Sunday, comes several months after Jeff Benjamin, co-founder of the Vetri Family restaurant group, left Urban
First reported by PhillyMag, Vetri – like Benjamin – will continue to be involved in the Vetri Community Partnership, which educates children and their families on healthy eating, writes Alison Burdo for Philadelphia Business Journal.
Marc Vetri is the brother of former Montgomery County District Attorney and current common please judge Risa Vetri Ferman.
Urban’s acquisition of the restaurant group – with the exception of Vetri Cucina in Center City – was first announced in 2015. When the sale closed several months later, the famed chef told the Business Journal it would be a history-making deal, the story continues.
Since bringing the restaurants into the fold, Urban has incorporated them into its long-term retail plans. It opened a Pizzeria Vetri at the King of Prussia Mall alongside its Anthropologie and Urban Outfitters locations. It’s an example of Urban’s aim to create “lifestyle centers” to boost business in its brick and mortar holdings as retailers around the country struggle with the onslaught of e-commerce.
Click here to read the full Instagram post.