Oprah Winfrey is cooking up one thing new.
Winfrey’s newest funding is in True Meals Kitchen, a wholesome restaurant chain backed by superstar physician Andrew Weil. Particular phrases of the deal weren’t disclosed, however the Phoenix-based chain mentioned she’s additionally becoming a member of the restaurant’s board of administrators and can “collaborate and seek the advice of” with True Meals Kitchen’s management crew.
“Once I first dined at True Meals Kitchen, I used to be so impressed with the crew’s ardour for wholesome consuming and, in fact, the scrumptious meals, that I knew I needed to be a part of the corporate’s future,” Winfrey mentioned in a launch. She was launched to the restaurant by her coach and an everyday on her former discuss present, Bob Greene.
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True Meals Kitchen has grown to 23 places in 10 states since its founding in 2008. It plans to double its retailer depend within the subsequent three years with a deal with an East Coast enlargement. The chain’s eclectic menu is predicated off Dr. Weil’s anti-inflammatory meals pyramid and options dishes like quinoa burgers, a spaghetti squash casserole and kale-infused drinks.
The funding in True Meals is the newest instance of Winfrey increasing her enterprise past media and into meals.
In 2015, she purchased a 10% stake in Weight Watchers and obtained a seat on the board. She not too long ago offloaded a few of her shares, however her funding continues to be price greater than $400 million. She additionally has a partnership with Kraft Heinz Firm for line of soups and frozen aspect dishes offered at grocery shops.
CNNMoney (New York) First revealed July 11, 2018: 9:25 AM ET