Operations

Le Pain Quotidien under new ownership

November 21, 2022

Le Pain Quotidien, a European brand with 56 U.S. locations, is under new ownership, along with The Little Beet, a 12-unit fast casual concept and Table by Little Beet, the brand's full-service version. Led by CEO Jon Weber, Convive Brands is building a leadership team and developing the proprietary tools, processes, and infrastructure necessary to scale the brands.

"With the launch of Convive Brands, we are creating a new platform that will support meaningful growth, value creation and opportunity for our team members," Weber said in a company press release. "Le Pain Quotidien, Little Beet and Table by Little Beet are high-quality brands, and we are excited to help them flourish."

Previously, the brands were operated by Aurify Brands whose founders, John Rigos and Andy Stern, who purchased them in 2020 after Le Pain Quotidien in the U.S. filed for bankruptcy. Rigos and Stern are investors in Convive Brands.

"This transition of the brands from Aurify to Jon and the team at Convive is consistent with our vision of identifying and scaling brands with potential to a certain stage and then having a talented team take them to the next level," Stern said in the release. "We are confident that under Jon's leadership and as part of the new Convive platform, the brands will achieve tremendous growth and success."

Based in New York City, Convive Brands operates a portfolio of over 70 restaurants in multiple markets, including New York, New Jersey, Connecticut, Pennsylvania, District of Columbia, Florida and California.