Oprah invests in private equity-owned True Food Kitchen
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Billionaire entrepreneur Oprah Winfrey has made an undisclosed equity investment in private equity-owned True Food Kitchen, a “health-driven restaurant”, the company said in a statement.
Ms Winfrey has also joined the board of directors and will take a role as a consultant at True Food Kitchen, which is majority-owned by the New York-based Centerbridge Partners.
This is not the first time the 64-year old has backed a healthy eating business. Her $43m investment in dieting company Weight Watchers has already proved lucrative.
Ms Winfrey’s latest investment comes at a time when high-profile names are entering new private equity ventures. Earlier this year billionaire Richard Branson offered his backing for a new $500m fund with Metric Capital, a private equity firm.
Announcing its partnership with Ms Winfrey, True Food Kitchen, which has around 3,000 employees, said it expected to double its store growth over the next three years.
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