Our friends over at Roberta’s aren’t playing nice. The restaurant, which has a net worth in the millions, is looking to expand and one of its three partners Chris Parachini isn’t happy. With a “pending deal” in Asia and plans to open a restaurant on the premises of a new Ace Hotel on the Lower East Side, partners Brandon Hoy and Carlo Mirarchi tried to buy Parachini out last year over financial disagreements. It didn’t go well:
The food fight started in December when partners Brandon Hoy and Carlo Mirarchi fired the co-founder of the Bushwick pizza mecca, Chris Parachini, over disagreements about expansion that led to buyout negotiations.
The talks broke down when Parachini turned his nose up at a $2 million offer to purchase his 25 percent share in the company. Parachini’s counter-offer was $2.9 million for Roberta’s and its spinoffs including a restaurant in the Rockaways and another $2.5 million for intellectual property. [Read more...]