Latest news with #Rossi
Time Out
2 days ago
- Entertainment
- Time Out
This buzzy waterfront Italian restaurant in Miami's Little River has no menu—here's how to order
Miami's buzziest new Italian restaurant wants you to forget everything you know about ordering dinner. San Lorenzo, opening tomorrow, May 31 on the banks of Little River, ditches traditional menus entirely in favor of one simple question: Carne or pesce? (That is, meat or fish, if you've been skipping those Duolingo lessons.) From there, diners are treated to a $140 prix fixe experience for two, crafted by Executive Chef Giulio Rossi and served course by surprise course. Each dish is revealed in the moment, turning dinner into something more like a slow-burn performance, one where the audience never quite knows what's coming next. 'San Lorenzo is all about letting the ingredients shine,' says Rossi. 'By narrowing the focus, we ensure that every dish is a standout. We want guests to feel a sense of excitement and trust, knowing they're getting the very best.' The no-menu concept is the latest from 84 Magic Hospitality (of Cotoletta fame), and it's set in a transportive 44-seat space with Venetian lighting and a terracotta-toned terrace that spills out onto the water. Designed by Eduardo Suarez and Milan's Alessio Bernardinito, the interiors channel Lake Como elegance with just the right amount of Miami edge. View this post on Instagram A post shared by San Lorenzo Miami (@ Everything is intentional—especially the bar, which feels like a page out of 1930s Venice. Expect bold Negronis, classic Bellinis and a sharp, all-red wine list to match the richness of the fare. True to form, the bar offers just one brand per spirit, an homage to craftsmanship over clutter. And don't bother searching for a Resy link; reservations here are strictly by phone at (786)-828-7136. That's part of the charm. At San Lorenzo, the hospitality is as old-school as the cooking and that's exactly the point. The restaurant is open Wednesday through Sunday from 6pm to 11pm at 620 NE 78th Street. Just show up, say 'carne' or 'pesce' and let the night unfold from there!
Business Recorder
2 days ago
- Business
- Business Recorder
Japan's Dai-Ichi Life to take 15% stake in British insurer M&G
PARIS/LONDON: Japanese insurer Dai-ichi Life will take a 15% stake in British financial group M&G and has agreed a long-term partnership, sending shares in M&G sharply higher and marking the latest overseas foray by a Japanese firm. The tie-up, in which Dai-ichi Life becomes M&G's biggest single shareholder, is expected to deliver at least $6 billion of new business for M&G and $2 billion of new business for Dai-ichi Life over the next five years, M&G said on Friday. M&G shares rose more than 8% in early trading, hitting their highest since June 2021. The stock was last up nearly 6% at 1050 GMT. M&G CEO Andrea Rossi told Reuters the agreement would help the firm accelerate growth in Asia via Dai-ichi Life's distribution network. He said the Japanese firm would also help fuel the growth of its European private markets business. M&G has been seen as a takeover target in the past, but Rossi said the tie-up would strengthen M&G's competitive position as a standalone firm. 'I can see us having a great independent future in front of us,' he said. The two companies will 'pursue opportunities to co-invest in new asset management capabilities' under the tie-up, and M&G will become Dai-ichi Life's preferred asset management partner in Europe. Asset management has seen a spate of consolidation and collaboration deals in recent years as firms try to bulk up in order to compete with U.S. giants like BlackRock and Vanguard. Japanese firms have also become more active in the insurance and asset management market outside of Japan, with British rival Legal & General announcing a tie-up with Meiji Yasuda in February, while DWS is in talks to form a joint venture with Nippon Life in India, Reuters reported this month. Under the deal, Dai-ichi Life will have the right to appoint a director to the board of M&G for as long as it holds at least a 15% shareholding, the British company said. In 2023 M&G was linked with a potential bid by Australia's Macquarie, which the British money manager at the time dismissed as speculative. Active asset managers have come under pressure from inflation and from investors turning to passive investment funds, which charge lower fees. M&G reported an unexpected rise in annual profit in March, helped by cost-cutting and growth in its asset management business. Dai-ichi Life earlier in May said it would raise its stake in UK-based Capula Investment Management to 15%, from just under 5%, and in April agreed to buy a 15.1% stake in Australian investment manager Challenger for around $550 million.
Yahoo
3 days ago
- Business
- Yahoo
Minnesota Wild Youngster Is Going To Be Well-Paid This Summer -- But It Shouldn't Be By The Sabres
The Buffalo Sabres have their own collection of restricted free agent players to deal with this summer -- most notably, defenseman Bowen Byram and left winger J.J. Peterka -- and although the Sabres have more than enough salary cap space to make a splash ($23.2 million, as per Puck Pedia), one looming RFA who is getting a lot of attention of late is one they should absolutely steer clear of. We're talking about Minnesota Wild center Marco Rossi. The 23-year-old Austrian had a solid season for Minnesota this year, setting new personal bests in goals (24), assists (36) and points (60), but there's a reason why his name has cropped up in media speculation: when the Wild had to put their best lineup together for their first-round Stanley Cup playoff series against the Vegas Golden Knights, Rossi was relegated to the fourth line, averaging only 11:08 of ice time. Rossi did post two goals and three points in six playoff games, but the prevailing sentiment is that he's going to be parting ways with the Wild either via trade, offer-sheet, or both. Given that Rossi made a relatively-modest $863,334 this season, he's bound to get a considerable raise on his next deal. But why should the Sabres -- not exactly the most physically-imposing team in the NHL -- want to add a 5-foot-9 forward to the mix? Besides, Buffalo has its share of youngsters, and giving up the type of assets the Wild would want (a first-round draft pick and a decent prospect) does not seem to be a wise move for the Sabres. No one is saying Rossi isn't talented. He's not close to his prime yet, and a 30-goal year certainly isn't out of the question for him in the future. But considering where the Sabres are in their competitve development, adding a youngster who couldn't be a meaningful part of an up-and-coming Wild team isn't a move that many legitimate playoff teams would make, at least in the short-term. The Sabres need someone with more experience than Rossi can offer right now. They don't need to surrender picks and prospects when they've got youngsters in-house who should get a longer look at the NHL level. Let some other team take a chance on Rossi, as Buffalo doesn't need to take that risk at the moment. Here's Why Oilers' Clutch Player Needs To Be A Free-Agent Target For Sabres In their current playoff push, the Edmonton Oilers have received contributions from throughout the lineup. But one player -- albeit a currently-injured player -- is someone the Buffalo Sabres ought to be targeting when he becomes an unrestricted free agent this summer. The Sabres did have success with another Austrian native -- former star winger Thomas Vanek -- but in this case, they should be leaving well enough alone and focusing their efforts on acquiring a more proven commodity than Rossi. He's going to be well-compensated by one team or another this summer, but Rossi almost assuredly won't be coming to Buffalo. The risk/reward of adding someone who, for all we know, could take a backward or lateral step this coming season just doesn't make sense for the Sabres. So put away those Buffalo jerseys with 'Rossi' on the nameplate. He's not going to be a Sabre, and that's not a bad thing for where Buffalo is in its development.
Eater
3 days ago
- Entertainment
- Eater
The Newest Restaurant in Miami Has No Menu
Are you an overthinker when it comes to dining out? ( Raises hand. ) You reserve a table weeks in advance, check the weather app daily to plan an outfit, and peruse the menu four times over, knowing exactly what you'll order. Hell, you've decided for the table — you're sharing the calamari, one of you is getting the sea bass, the other the lamb, and you're definitely pairing the port with cake. One restaurant wants to throw this decision-making out the window. Well, at least for the food. Miami's newest waterfront Italian eatery, San Lorenzo, has no menu. 'In a world of infinite choices, where distractions are around all the time, to be guided is actually welcome and a bit of fresh air,' says co-founder of San Lorenzo, Andrea Fraquelli. 'The main choice is coming to the restaurant. Let us do the rest.' The restaurant is the newest eatery from 84 Magic Hospitality, by Fraquelli, Ignacio Lopez Mancisidor, and Mattia Cicognani, and it opens this Saturday, May 31. It offers a four-course menu for $140 for two people. You get to make just one choice: fish or meat. The courses include an appetizer, two pasta dishes, and a dessert; vegetarians can be accommodated by request. Reservations can only be made the old-school way — by phone. Or simply, walk in. Eduardo Suarez and Milan's Alessio Bernardinito designed the space with warm tones that feel breezy and coastal, alongside crisp white tablecloths, fresh flowers, and Venetian lighting. The indoor dining room seats 44 people, plus there's a standing bar area. Outside, an Italian terracotta terrace seats 30 at candlelit tables with views of Little River. Tuscan born Giulio Rossi leads the kitchen and is resurrecting a signature dish from his storied past. Rossi ran restaurants in Italy in the 1980s, including Ristorante Mario Fiesole, which he owned for 18 years, and Panacea, a seafood-focused restaurant that earned a Michelin star in 1991. Rossi is bringing a lobster, crab, and king prawn seafood pasta from his time at Panacea to San Lorenzo. And that's just about the only food detail the restaurant let slip to Eater. The now-closed Romeo's Cafe in Coral Gables had a no-menu concept, offering six courses of rotating Italian staples. Other restaurants around the country have experimented with similar ideas for years like chef Thomas Keller's Ad Hoc in Yountville, California, where the family-style dishes change daily, and Fuad's in Houston, Texas, where dishes are custom-made to the diner's preference. A food for thought experiment Fraquelli has played with a limited menu in Miami. He's the brains behind Cotoletta, which opened in October last year in Coconut Grove. The Italian bistro is known for serving just one key dish: veal Milanese. 'Milanese [at Cotoletta] has been my test case for this experiment, and we couldn't be happier. People are not bored,' says Fraquelli. 'It's like, you go to a pizzeria and they don't have antipasti, pasta, secondi… they have pizza. This way of working with restricting the menu creates trust and consistency.' 'This way of working with restricting the menu creates trust and consistency,' says co-founder of San Lorenzo, Andrea Fraquelli Fraquelli speaks of his favorite philosopher, Alan Watts, when explaining his vision. Watts is famously known for saying, 'In giving away control, you got it,' and a belief that Fraquelli hopes diners will practice in letting go. He hopes people will spend their time talking to one another at the table rather than worrying about what to order. 'Control is an illusion. Stop choosing, let us do it.' The idea is comparable to the popular Japanese omakase-style of dining, where diners trust the chef to pick the food. Or prix-fixe tasting menus that change often. Fraquelli says his restaurant is more of a family-style comfort meal rather than a fine-dining evening. Related 15 Best Italian Restaurants in Miami Fraquelli adds that limiting the menu at San Lorenzo means the restaurant has minimal waste when it comes to ingredients. The kitchen gets to fire and perfect fewer dishes, letting the seasonality of produce shine rather than trying to balance a multi-page menu. 'By narrowing the focus, we ensure that every dish is a standout,' he says. The philosophy extends to beverages, too. Four red wines, four white, a rosé, and two sparkling wines, including a Franciacorta, will be available. A single brand of each spirit to offer classic cocktails, alongside a selection of digestivos also line the bar — interesting finds like the Greek Kástra Elión vodka distilled from green olives, and locally made Harry Blu's gin from Miami are on deck. San Lorenzo is named after Fraquelli's grandfather, Lorenzo who co-founded UK's popular Italian restaurant group, Spaghetti House. Fraquelli is a third-generation restaurateur who hopes people will trust him without a menu. The restaurant opens this Saturday and is located at 620 Northeast 78th Street. Reservations can be made by calling (786) 828-7136. Just be ready to answer: carne o pesce? Sign up for our newsletter.
IOL News
6 days ago
- Business
- IOL News
Spear REIT expands Western Cape portfolio as distributions grow and forecast brightens
Spear REIT's Northgate Park office building in Cape Town. The Western Cape focused group has seen strong demand and lower vacancies for its office portfolio in its 2025 financial year, driven by declining availability and high development costs in the Cape Metropolitan area. Image: Supplied In a remarkable year for Spear Reit, the Western Cape property investment group expanded its portfolio significantly while reporting a solid increase in distribution per share (DIPS). With a rise of 3.06% to 81.27 cents for the 2025 financial year, expectations for the forthcoming years remain optimistic, as CEO Quintin Rossi anticipates further DIPS growth of between 4% and 6% for the 2026 financial year. Describing the past year as transformative, Rossi, in an interview on Thursday. highlighted the acquisition of 13 commercial properties from the Emira Property Fund as a key milestone. This expansion, coupled with a R130 million share issue for a fully let 30 000 square metre agriculture and wine logistics facility in Paarl announced this week, signifies a firm commitment to a growth strategy that is expected to bear fruit in the years ahead, he said. 'The R1.15 billion transaction positions Spear firmly on a growth trajectory,' said Rossi in an interview Thursday. The diversified portfolio encompasses industrial, medical, life science-focused retail, and commercial assets in the Cape Metropolitan area. Despite the challenges posed by South Africa's macroeconomic landscape, including fluctuating inflation rates and intermittently disruptive loadshedding, Spear's core portfolio thrived. Distributable income soared by 25.5% to R252m, while revenue climbed 12.10% to R681.70m—a testament to Spear's tenacity in an uncertain environment. 'Our focus on operational imperatives yielded tangible results,' Rossi asserted, noting a steady increase in leasing momentum and a 97% occupancy rate at the end of the reporting period. 'The Cape Metropole's office space has seen tenant demand surpassing supply, a clear indicator of a robust market.' With a rental collection rate steady at 98.59%, the board approved a final six-month payout ratio of 95%, ensuring sustained income distribution to shareholders amidst economic volatility. 'While we navigate challenges such as crime and high unemployment, we see promising signs of recovery within the South African-listed property sector,' Rossi explained, adding that the declining interest rate environment has contributed to the sector's recent successes. The Western Cape, said Rossi, had seen its property metrics diverge from national trends, aided by extensive infrastructure investments—R120 bn over 10 years—which are fostering economic growth and job creation within the province. This local focus has proven advantageous as Spear's industrial portfolio occupancy stands at 98.85%, driven by prime locations and diverse offerings that make it resilient in fluctuating markets. 'The industrial segment accounts for 63% of our total lettable area and continues to show sustainable cash flow as we observe an in-force escalation of 7.3%,' he said. Spear's retail assets also delivered above-expectation results, with a strong occupancy rate of 96.05%. Rossi said they were pursuing new retail opportunities, ensuring that Spear remains well-positioned for the future, focusing on convenience and destination retail spaces that cater to a wide income spectrum. Additionally, two medical retail properties added to the core portfolio were backed by long-term lease agreements with recognised entities like Intercare and Clicks Group. Rossi was particularly optimistic about the commercial portfolio, which is poised for rental growth due to constrained supply in high-quality office spaces across the Cape Metropolitan area. 'The occupancy rate has improved to 92.99% from 84.37% in the last financial year, reflecting the strong demand,' he remarked. As Spear Reit continues to navigate the complexities of the property market, its focus on the Western Cape and a diverse portfolio positions it competitively for sustained growth and resilience. Visit:
