A Beloved Restaurant Is Now Closing After 10 Years

A beloved restaurant is now closing after 10 years in Chicago after being run by a Top Chef star, sources report.

The critically-acclaimed restaurant is closing its doors but dedicated fans won’t have to say goodbye forever, reports The-Sun.

Parachute, a Korean-American restaurant in Chicago, Illinois has been in business for nearly 10 years but on the eve of its anniversary, it was announced that it would pause operations.

The sad news came from the husband-wife duo, Johnny Clark and Beverly Kim, who run the establishment.

Parachute will be closed on March 23 as the couple has plans to renovate the space and launch a new concept under the Parachute brand, reports the outlet.

The couple is aiming to bring a larger location in the downtown Chicago area, however, no time frame has been announced.

“Our community and restaurant family made us great. At 10 years, we think there is an opportunity to serve both with fresh ideas after taking a pause.

Owning your evolution is important,” said Clark and Kim in a statement.

During its nearly decade run, Parachute has garnered several achievements, including a Michelin star and James Beard Foundation Awards for Clark and Kim.

James Beard Foundation Awards are given to recognize chefs, restauranteurs, authors, and journalists in the US.

It’s named after famed chef and TV personality, James Beard, who pioneered TV cooking shows and published more than 20 books.

Kim also appeared on season nine of the reality competition, Top Chef, in 2011.

She finished in fourth place in the show.

“Ten years makes for an incredible ride.

The years have afforded us the dream of opening our first restaurant and expressing our personal perspectives on Korean American cuisine,” said Clark and Kim.

Also Read: Clothing Retailer Now Makes Painful Decision To Close All Stores

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Market News Today - A Beloved Restaurant Is Now Closing After 10 Years.
Market News Today – A Beloved Restaurant Is Now Closing After 10 Years.

Two massive retailers now pull out of a major mall after it announced plans to make some changes, sources report.

The former Westfield San Francisco Centre has been renamed the Emporium Centre as the new owners attempt to return it to retail prosperity, reports The-Sun.

The new name pays homage to the historic shopping center that occupied the Market Street site for over a century, says the outlet.

After more than two decades operating as San Francisco Center, Westfield stopped making loan payments and handed over the keys to its lender in June last year.

Annual sales had plunged from $455 million in 2019 to $298 million in 2022, Retail Dive initially reported at the time.

In the latest in a series of setbacks for the new owners, French cosmetics purveyors L’Occitane and Sephora will no longer operate in the mall, the San Francisco Business Times first reported.

L’Occitane has reportedly already shuttered its first-floor outpost and the Market Street location is no longer on the company website.

Sephora, whose North American headquarters is in San Francisco, California, is closing in mid-April, employees told Business Times.

The Emporium property, famed for its skylit central domed rotunda, was transformed into an addition for the Westfield mall and is mainly occupied by Bloomingdale’s, which has five floors.

After a slow start, the nine-story mall became one of the top performing shopping centers in the country, but news of its latest transformation has sparked a domino effect of desertion from retailers, reports The-Sun.

The Century Theatres multiplex closed in June 2023.

The LEGO store shut in November. Adidas’ 2-story store closed in January this year.

J Crew, Hollister, Aldo and Madewell have also left.

The mall’s new owners announced the name change last week, saying it was a nod to the original name of the department store that operated there from 1896 to 1996 before Westfield took over.

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Also Read: Clothing Retailer Now Makes Painful Decision To Close All Stores

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Market News Today - A Beloved Restaurant Is Now Closing After 10 Years.
Market News Today – A Beloved Restaurant Is Now Closing After 10 Years.

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