Skip to comments.Paula Deen inks business deal worth $75 to $100 million
Posted on 02/15/2014 7:04:05 PM PST by RoosterRedux
The queen of Southern cuisine is making a comeback and this time she's all business.
Paula Deen's newly formed company, Paula Deen Ventures, has secured between $75 million and $100 million of funding from private equity firm Najafi Cos, which is led by Book-of-the-Month Club owner Jahm Najafi. This latest enterprise will entail the restructuring of the chef's many brands, which include Paula Deen Foods, Paula Deen Restaurants, and Paula Deen Media.
We know that the enterprise will be successful and valuable, as Paula and her team continue to bring quality products and experiences to her loyal fan base; and now we have a proven management team in place to build and lead the organization, Najafi said in a statement.
New business deals are already on the horizon: The company is discussing possible partnerships with TV networks, retail chains and other partners, according to Paula Deen Ventures' chief executive Steven Nanula. The Food Network, which announced it would not renew Deen's contract last June, is not on that list.
This new company was formed less than a year after Deen, 67, found herself embroiled in scandal when she admitted to using the "n"-word and planning a "plantation-style Southern wedding" during a court deposition that went public last May. In the wake of those revelations, the TV chef lost at least 12 business deals, with companies like Walgreens, J.C. Penney and Smithfield Foods terminating her contracts.
(Excerpt) Read more at today.com ...
As an aside, I ate at her restaurant in Savannah on a Sunday and it was buffet only. The food was mediocre at best (but I know Southern food).
But that said, I think she's a keeper.
Good for her. I want to see race baiters’ heads exploding....
At the mention of her name, Al Sharpton and Jesse Jackwagon are barfing up nails at the mention of her name.
Have never watched her shows; doubt I ever will. But good for her. If every white person in this country that had EVER used the “N” word lost their job, where would the government get it’s tax money from? Tired of the old double standard; I can’t use the word, but blacks can toss it around like pizza dough. Screw all the PC crap.
She’s actually a pretty good TV cook. Cute and entertaining.
That didn't fit any better with the whole 'keep fit America' bit any better than Twiggy's jeans would have fit.
I love how many Freepers talk about how Democrats are racist, then when a diehard leftist is outed as a racist, they rush to defend them.
I can go with cute. But having never seen the show, I will concede entertaining. Just a lot of PC BS about something a long time ago.
I have to wonder when KFC will be run out of business for selling friend chicken? OOPS!!! My bad; friend chicken is so racist.
Sounds like you have your own double standards. Democrats like Paula Deen get off the hook, while conservatives lose everything. And I reject your argument that most white people are racist.
Who cares who Paula votes for. She's an idiot in the world of politics...she's a cook and restauranteur for God's sake.
And she did tell the truth about the First Beard loving to eat fatty foods.
Southern white libtard.
Too bad the rest of humanity isn't.
She’s a racist?
So all white people are good and nonwhite people are bad?
She was unjustly driven out of business by race baiters and their corporate media lackeys. Maybe this episode has taught her who she should or shouldn’t be supporting in the future.
maybe she should get rid of the bile. She’s the one who treats people like some scum. The woman she was sued by was WHITE, not black.
I am Southern and White and spent my career in NYC (on Wall St). I was amazed at how much hatred there was toward Southerners.
My mother started the Head Start program in my hometown and was subjected to incredible vitriol by both Blacks and Whites (though many of her kids are now part of productive society).
Hatred is a human fault (perhaps demonic is a better term for it)...it knows no racial or geographic boundaries.
You are full of crap. Many of Paula partners are Black. And they stood behind her during this bullsh!t flap.
RE: Paula Deen Ventures, has secured between $75 million and $100 million of funding from private equity firm Najafi Cos
For the vengeful out there... the next step would be to organize a boycott of Najafi Cos... ( but how do you do that with a private equity firm?)
Maybe this episode has taught her who she should or shouldnt be supporting in the future.
You want to bet? He whole worldview is leftist. After his trial, George Zimmerman's brother talked about how George is still supports and loves Obama.
OK, pull over white boy. It's against the law to freep and drink...and you are clearly over the blood/alcohol limit!
Put down the bottle and back away with your hands up!
Paula will now concentrate more on the “opossum and sweet potatoes” cuisine in order to get in Al’s and Jessie’s good graces.
So, I shouldn’t send you the Paula Deen cookware this Christmas? (You could always regift it).
Are you daft?? OF COURSE! Democrats always stand behind Democrats. And apparently you do too.
Was unaware that you know her personally
By your logic Robert Byrd and the Klan aren’t racist, because Democrats stand behind them.
Obviously, you don’t know Southern food. Don’t equate with the slop that Paula dishes out to tourists.
WTF are you saying. Hands up and away from the bottle!
hey send it to me. I love her stuff. don’t like her politics...and yes I do believe she is racist. She has to be...she’s a democrat.
Gosh, born and raised here by Southerners who trace their roots back to the 1700's...and I don't know Southern food.
Where are you from MrChips?
Did you read any of the articles about this case? Apparently not. The woman was WHITE. An elitist Democrat mistreated a hard-working person that worked for her. You been done snookered right good, boy.
It’s Saturday night on FR. Everyone knows Paula personally because they saw her on TV (wasn’t that her on TV last night? Or was that Downton Abbey? Dunno...too much alky.)
I am down in Douglas.
I once had it explained to me by a liberal who PATIENTLY told me that minorities are ENTITLED to all the extras, affirmative action, and such because WE WHITE FOLKS had all the power. Having all the power wasn't just or fair so the minorities were ENTITLED to all the extras they could get.
I was speechless, unfortunately, and could only gape at her and her absurdities. Oh well.
My minority blood will get you for that. You called me BOY?
Gee,I remember going to Asia as a white American and life and business were very difficult for all that were in the group.In fact we were treated like outcast.
Please Paula, please buy NBC/MSNBC.
Just so you know, you are on Jesse Jackson and the Obama spin machine's side.
I liked her because she had a nice way about her, LOVED to cook AND loved to eat her own cooking.
You NEVER, EVER saw that skinny woman Giada Whatsherskinnyass eat her own cooking. She PROBABLY took a bite, chewed it a bit then SPIT it out. I
I am ALWAYS suspicious of skinny chefs. That is UNCLEAR on the concept!
Lighten up dude. It’s Saturday night!
Was that conversation with Paula Deen?
She s a flaming Liberal, like Nancy Grace.
What part do you take issue with? I'm Southern and white.
And I believe Ronald Reagan believe the exact same ways as me. But Bill Clinton, yeah he would think that is great. So if you want to say I am some stuck up Reagan-type Boy Scout, that is fine with me. Criticize me, because I am not some "with it" Clinton type, fine. I accept what I am. Hope you can too.