New York, NY – January 29, 2021 – New York-based RCS Real Estate Advisors has been engaged to provide pre-acquisition analysis and post-acquisition restructuring for Aurify Brands – a builder, owner and operator of category-leading fast casual restaurant networks.
Aurify has purchased bakery and cafe chain Le Pain Quotidien out of bankruptcy. RCS has reviewed the chain’s portfolio of restaurants and has advised Aurify which locations to shutter. RCS has also begun to implement their restructuring plan by working with landlords to reduce rents on the locations that Aurify would like to keep and operate. Pre-COVID Le Pain Quotidien had sold all of their 98 US locations to New York-based brand development firm Aurify.
Following the acquisition of LPQ, Aurify renewed the services of RCS as they acquired the assets of Maison Kayser, a French bakery chain, out of bankruptcy. LPQ is looking to open new eateries in former Maison Kayser locations. RCS is currently aiding in all real estate functions of the combined LPQ/MK entity for Aurify brands.
Aurify continues to expand their brand portfolio with brands like the Melt Shop, Fields Good Chicken, and the New York City locations of Five Guys. RCS was happy to play a role in the acquisition analysis of both LPQ and Maison Kayser, and to aid them in their brick-and-mortar operations during this tumultuous economic time. RCS Real Estate Advisors has partnered with opportunistic investors during the time of COVID-19 and is eager to be by their sides going forward. Mitigating the financial turmoil of the global pandemic and steering our clients through the choppy waters of the current financial crisis is RCS’ main objective. RCS continues to work tirelessly on behalf of all their clients to ensure that they are around longer after the end of the global pandemic.