Daily Newsletter

06 December 2023

Daily Newsletter

06 December 2023

Fogo de Chão to open new restaurant in New York City

The restaurant company plans to open the new location later this year at City Point.

Umesh Ellichipuram June 09 2023

Brazil-based restaurant brand Fogo de Chão is set to expand its New York City footprint by signing a lease agreement for its new location.

The restaurant company plans to open the new location later this year at City Point, a mixed-use entertainment, shopping and dining destination in downtown Brooklyn.

Downtown Brooklyn Partnership president Regina Myer said: “We are beyond thrilled that Fogo de Chão has selected City Point for the expansion of their New York City presence.

“Fogo de Chão’s experiential dining is an incredible addition to the largest mixed-use development in Downtown Brooklyn.”

The new restaurant in City Point will be the company’s third location in New York City and its sixth location in New York State, joining the other restaurants in Queens, Manhattan, Huntington Station, Long Island and White Plains.

The downtown Brooklyn restaurant will also feature Fogo’s recent brand transformation with enhanced design and innovation platforms.

Its menu includes Fogo’s everyday offerings such as weekday lunch, weekend Brazilian brunch, Bar Fogo and group and private dining spaces.

The new location also offers to-go and butcher shop options and full-service catering, which includes on-site cooking with portable churrasco grills and gauchos.

Fogo de Chão CEO Barry McGowan said: “Since opening in Manhattan ten years ago, New Yorkers have warmly welcomed our brand and our differentiated dining experience.

“Following the recent opening and success of our Queens restaurant, we saw the growing demand for the culinary art of churrasco and knew we needed to prioritise opening in another borough soon.

“We’re looking forward to opening our third New York City location in the heart of Brooklyn at City Point.”

Earlier this month, Fogo de Chão announced that it would expand its presence in the Los Angeles Metro Area by opening a new restaurant in Thousand Oaks.

Could the consumer industry be bolstered by the increased use of AI?

The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. Data science and ML are strong investments across all areas. These sectors will help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots.

Western Europe foodservice market dynamics

The total revenue of the Western European foodservice profit sector totaled $685.3 billion in 2022, having declined at a negative CAGR of 2.4% during 2017–22. In 2022, FSR was the largest foodservice channel, with a value share of 25.9%, followed by QSR. However, the region’s foodservice sector is poised to bounce back as it is forecasted to register a CAGR of 8.1% by 2027.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close