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The grill they all want a stake in

May 8, 2008 23:00

ByCandice Krieger, Candice Krieger

3 min read

Restaurant owner Jon Yantin is not alone in seeing the potential of his newly reopened Chicago Rib Shack.

It has received £3 million in backing from some of the world’s most accomplished entrepreneurs.



John Yantin, owner of Chicago Rib Shack

Investment banker Michael Sherwood, the co-chief executive of Goldman Sachs International, and Anthony Lyons, head of Earls Court & Olympia, now hold a stake in the London restaurant, which is offering kosher meat.

The original Chicago Rib Shack, an American-style restaurant based in Knightsbridge, closed in 1999. Mr Yantin has spent the past three years trying to bring the concept back. Yesterday, it reopened its doors. Apart from Mr Sherwood and Mr Lyons, it has received funding from hedge-fund manager Jonathan Green, a partner of GLG partners; entrepreneur Nicholas Gold, who works with Sir Philip Green’s stepson, Brett Palos; and Matthew Miller, director of Galliard Homes. It took Mr Yantin less than a day to secure the funding.