Tags: NYC | Tavern | Green | chain

NYC's Famed Tavern on the Green May Be Reborn as Global Chain

Thursday, 18 Aug 2011 03:18 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WILMINGTON, Del. — New York's famed Tavern on the Green restaurant, which closed after going bankrupt in 2009, may be reborn as a global chain with a charitable twist, if an investor gets his way.

Louis Bivona has offered $1.3 million for the name, which will allow him to build off his business selling premium salad dressings under a license with the Tavern name.

The trustee of Tavern on the Green's bankruptcy estate is selling the name and other assets to pay off creditors.

Tavern on the Green's romantic setting on the edge of Central Park in New York City charmed throngs of visitors who were willing to forgive what was considered mediocre cuisine.

Bivona estimates that 17 million people dined at the restaurant. Many were foreign tourists, and Bivona said he is already fielding inquiries from potential partners in Britain.

A former manager with Mutual of New York, Bivona draws his inspiration from Paul Newman, the late actor who launched a line of salad dressings to benefit charity.

Each bottle of Tavern on the Green dressings and oils, such as Bahia Blackberry Ginger Balsamic Vinegar which fetches $28.95, generates 50 cents for the National Center for Missing and Exploited Children.

The revived restaurant and his charitable giving make a great match, Bivona said.

"People want tradition and family and want to protect their children, and we want to be the cornerstone for that," said Bivona, who said he is a victim of sexual abuse and has made fighting abuse of children his life's work.

The bid from Bivona's Tavern International LLC is subject to higher offers and must be approved by New York's bankruptcy court.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Kaiser: 89% of Uninsured Don't Know to Sign Up for Obamacare

Tuesday, 21 Oct 2014 14:03 PM

Obamacare administrators are promising a better sign-up experience for the plan's second annual enrollment period that o . . .

Pew: Liberals More Likely to Block Someone Over Politics

Tuesday, 21 Oct 2014 13:53 PM

Liberals are more likely to block or defriend someone on Facebook than Republicans over political differences, a new sur . . .

Ebola Vaccines Carry Downsides as Makers Rush to Trials

Tuesday, 21 Oct 2014 13:41 PM

Each of the Ebola vaccines being lined up for testing carries potential downsides, researchers say, ranging from efficac . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved