Food, Wine, Restaurant and Hospitality
After a long slumber, many restaurants are emerging from hibernation04/09/2021 | https://www.restaurantbusinessonline.com/operations/after-long-slumber-many-restaurants-are-emerging-hibernation
“Among the list is paying attention to PPP loan compliance and recordkeeping, keeping a good relationship with landlords, hiring issues and paying attention to health and safety compliance.” - Asher Rubinstein
Richard Roman, co-owner of the massive restaurant near the top of Chicago’s John Hancock Center, stood in the dining room in mid-March 2020 fighting back tears.
Almost the entire 200-person crew from the Signature Room at the 95th, some of whom had been there for nearly 30 years, had been laid off. The wine was put into storage but nearly everything else had been cleared out. All of the equipment in the back of house was shut down.
The restaurant was going into hibernation mode—but nobody knew for how long. And Roman and his business partner had just signed a 10-year extension on their lease.
The Tariff Wars: You’re Going to Need a Drink12/10/2020 | By: Asher Rubinstein, Esq.
The United States and the European Union are in the midst of a damaging game of retaliatory tit-for-tariff. Since October 18, 2019, wine, Scotch and other alcoholic beverages from the EU are now subject to a 25% tariff at US ports. Our clients across the wine, spirits and hospitality industries are all feeling the effects, from the importers who source the products abroad, to the retailers, restaurateurs and ultimate US consumers. There is widespread hope that a new administration in the White House will take a different path. Both the US and EU have significant incentives to end their underlying disputes - - which are not over beverages, but instead pertain to government subsidies of domestic aircraft industries - - and remove the tariffs altogether.