Chernin Group Pays $83 Million for Majority Stake in Food52

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Chernin Group Pays $83 Million for Majority Stake in Food52
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Peter Chernin's investment firm TCG Capital Management is buying into the upscale food e-commerce brand.

Peter Chernin's The Chernin Group has acquired a majority stake in upscale kitchen and home brand Food52 for $83 million.

"After a decade of thoughtful content curation, product development, and community engagement, Food52 has achieved the ultimate measure of success in digital media and built a brand that consumers care deeply about. We couldn't be more excited to partner with the team on this next phase of growth," Mike Kerns, partner at TCG, said in a statement.

"We met our ideal partner in TCG, which shares our vision and values for building a community-driven consumer brand," Stubbs said in her own statement.

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