Sponsored By
RH Regional Powerhouses

Articles on companies that have grown by building an impressive portfolio of restaurant concepts.

2018 RH 25: Tao Group

A ‘clubstaurant’ operator sees opportunity in the morning after

Holly Petre, Assistant Digital Editor

September 24, 2018

1 Min Read
2018 RH 25: Tao Group
The new Egghead concept offers breakfast all day and into the night.Justin Levy Photography

RH25_2018_200x200_3.jpgThe 2018 class of Restaurant Hospitality's annual RH 25 looks at bold moves made by multiconcept operators — the companies that are crossing segments, shifting operations, building big or pivoting in some way. There is no ranking. These are companies to watch. See all concepts >>

HQ: New York City

Leadership: Founding partners Marc Parker, Rich Wolf, Noah Tepperberg and Jason Strauss

Systemwide sales FY2017: Not disclosed

Concepts: 18 different concepts across the country, including Avenue, Beauty & Essex, Lavo Italian Restaurant, Tao Asian Bistro Uptown and Marquee

tao-group-2.gif

The Tao Group is known for its glitzy and lavish high-grossing restaurants and nightclubs — what some have called “clubstaurants” — many of them in hotels in New York, Las Vegas and Los Angeles. Last year, the group unveiled four new concepts at Moxy Times Square, including the fast-casual Egghead, which offers breakfast all day and late into the night.

Bread is baked in-house daily and Egghead only uses eggs and cheese from an upstate New York farm. With this latest venture, they join the trend of all-day breakfast offerings and take a step toward a more food-focused operation, at least one without a DJ.

Last year, Madison Square Garden Co. acquired a majority stake in Tao Group and it appears plans go beyond creating opulent lounges at sports venues.

Next: Cameron Mitchell Restaurants

Previous: Retail Worx

About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

Subscribe to Our Newsletters
Get the latest breaking news in the industry, analysis, research, recipes, consumer trends, the latest products and more.

You May Also Like