Another San Francisco Coffee Company Cashes Out
Philz Coffee will join the company with holdings in Popeyes and Cinnabon. Gado via Getty Images
Another San Francisco-born-and-raised coffee company has taken a big buyout. Philz Coffee will sell to Los Angeles-based private equity firm Freeman Spogli & Co. for $145 million. More troubling, employees holding common stock in the business will see their shares cancelled under the agreement. Mission Local reported the news after acquiring documents pertaining to the deal. The deal is expected to be confirmed on Friday, August 8.
Ferry Building hero closes after 21 years
An original Ferry Building restaurant closed on Thursday, July 31. Boulettes Larder was a proper flagship in the marketplace. Chef Amaryll Schwertner and partner and Lori Regis ran the restaurant and its adjoining, more casual Bouli Bar. The San Francisco Standard reported the news with no reason given for shuttering. Boulettes Larder opened in 2004 when the remodeled Ferry Building opened to the public. Schwertner's menu was beloved for its commitment to old-school farm-to-table cooking.
Divisadero sports bar shutters
Majorly popular corner bar the San Francisco Athletic Club closed on Sunday, August 3. There was no closure reason given for the 11-year-old bar, but in a farewell Instagram post ownership said it's been a hard road since the pandemic. The bar was one of Lower Pac Heights's mainstay beer hangs. A new operator has already secured the lease and plans to keep the location as a sports bar.
Plant-based burgers hit South Tahoe
In a positive upshot for the region, vegan burger joint Malibu's is expanding. This time, the restaurant is opening inside Cascade Kitchens Tahoe, a new food hall and commissary kitchen. In an Instagram teaser, ownership says the new space will be helmed as a franchise by a longtime customer of the buzzy Oakland restaurant.
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