Irish Investment Firm Danu Partners Launches New Hospitality Group
Danu Partners, the Irish investment firm that owns Boston-based Smith & Wollensky Restaurant Group, Inc., has announced that it is launching a new hospitality group that will have a strong Boston presence.
The new group is named PPX Hospitality Brands and it will manage both the Smith & Wollensky Restaurant Group and The Strega Group, which is a collection of Italian chophouses that Danu Partners recently acquired from the Varano Group. Both Smith & Wollensky and Strega are headquartered in Boston.
PPX Hospitality Brands will be led by Smith & Wollensky CEO and president Michael Feighery. As CEO of PPX Hospitality Brands, Feighery will oversee the entirety of PPX Hospitality Brands while retaining his role at Smith & Wollensky.
Feighery stated, "Through the creation of PPX Hospitality Brands and with Smith & Wollensky’s commitment to genuine hospitality and quality, we will bring additional support systems, growth strategy and a team of resources to drive the Strega brand to new heights. We are committed to investing in The Strega Group's team members, brand awareness, facilities and the customer experience throughout greater Boston."
Strega And Varano Operations
Through PPX Hospitality Brands, Danu Partner will own and operate Strega concepts Strega Waterfront, STRIP by Strega and Strega Prime, as well as several cafés and a catering business, all of which operate in the greater Boston area.
The Varano Group will continue to operate a collection of Italian restaurants in Boston's North End, including Nico, Rina's and Strega North End. The Varano Group will also continue its association with Fratelli, the Italian fine dining restaurant at the Encore Boston Harbor Resort.
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.