Popular Italian restaurant in San Francisco pivoting amid tough economic realities [Yahoo! Finance]
Pacific Gas & Electric Co. (PCG)
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Source: Yahoo! Finance
Che Fico Alimentari located on Divisadero Street says it's a vastly different restaurant than it was when it opened in 2019 to great fanfare. Alimentari is the casual spinoff of its wildly popular original and sister restaurant, Che Fico. The restaurant announced the difficult decision this week on its Instagram , that next Thursday, May 9, will be its final dinner service. Over the last six months, co-owner Matt Brewer said the harsh economic realities of running an independent restaurant in the city became clear. He and chef and co-owner David Nayfeld decided to absorb Alimentari within Che Fico , and close Alimentari's dinner service in its current form. "We still plan on keeping it for an event space, but in its current iteration, it's just not sustainable given a lot of the rising costs of doing business in San Francisco as a restaurant," said Brewer. Che Fico Alimentari said it would typically see about 120 guests during weekday dinner hours, before the pandemic. Now, t
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PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/7/24 - Form 4
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- PCG's page on the SEC website