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Speaker 1: Broadcasting live to New York, Bloomberg bo to Washington, d C,

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Speaker 1: Bloomberg to Boston, Bloomberg dwell under It to San Francisco,

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Speaker 1: Bloomberg nine to the Country series Exam General one, and

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Speaker 1: around the globe the Bloomberg Radiolus and Bloomberg got gone.

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Speaker 1: This is taking stock. Coming up on taking stock. We're

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Speaker 1: going to take stock of the fast casual dining space.

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Speaker 1: Is it a business model? Is it a description of

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Speaker 1: the quality of the food? Is it all these things?

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Speaker 1: We're gonna talk to a veteran from Starbucks who is

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Speaker 1: now leading the US division of Le paquatitiac oh when

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Speaker 1: they're expanding in so many delicious and delightful ways of

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Speaker 1: Let's get to Charlie Pellett now in the newsroom. He's

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Speaker 1: got the latest Bloomberg business blash. And thank you very much,

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Speaker 1: Kathleen Hayes, thank you. Pim Fox stocks falling from records

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Speaker 1: crewed below forty four dollars a barrel amid a surplus,

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Speaker 1: a stronger dollar weighing on commodities before Central bank meetings

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Speaker 1: in the West and Japan this week. That two day

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Speaker 1: FED meeting gets underweight tomorrow. Verizon buying Yahoo's web assets

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Speaker 1: for four pointing three billion dollars, ending the company's two

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Speaker 1: decade run as an independent business. We are seeing shares

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Speaker 1: of both companies lower. Yahoo is down two point one

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Speaker 1: percent right now. Verizon is falling by five tenths of

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Speaker 1: one percent. Scott Galloway is a marketing professor at the

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Speaker 1: n y U Stern School of Business, and on Bloomberg

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Speaker 1: Television this morning, he had this to say about Yahoo

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Speaker 1: CEO Mirsameyer. I believe that miss Mayer is gonna go down.

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Speaker 1: Is the most overpaid CEO and tech history. She's gonna

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Speaker 1: walk from this. First of all, she's, of course, she's

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Speaker 1: gonna say she wants to say. My guess is that

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Speaker 1: if she leaves of her own volition, she leaves fifty

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Speaker 1: five million dollars on the table. Miss Mayer has been

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Speaker 1: dead man walking since Starboard got four people on the

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Speaker 1: board against her will. This is over. They'll give her

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Speaker 1: peace with honor, let her leave gracefully. But this is

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Speaker 1: a series of Botsch acquisitions, severance payments to employ las

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Speaker 1: who were there for fourteen months in access of a

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Speaker 1: hundred million dollars, a decrease in EBITA fifty percent decrease

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Speaker 1: in revenues of twenty and in exchange, she's walking out

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Speaker 1: the door with a quarter of a billion dollars. Sprint

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Speaker 1: Corps soaring twenty five point nine percent right now after

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Speaker 1: posting a sixth straight quarter of subscriber games. Sprint now

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Speaker 1: at five dollars eighty one cents Gold down four dollars

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Speaker 1: the ounce the thirteen nineteen the drop of three tents

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Speaker 1: of one percent. A barrel of West Texas Intermediate approved

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Speaker 1: forty three seventeen it is down two point three percent,

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Speaker 1: the SMP five decks down, and nine five a drop

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Speaker 1: of five tens of one percent to thirty two on

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Speaker 1: Wall Street. Now, let's take a look at other news

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Speaker 1: from around the world on Bloomberg Radio. Thank you Charlie

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Speaker 1: from the Bloomberg News Room. I'm Rami in a cent Cio.

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Speaker 1: Two people were killed at least seventeen wounded early today

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Speaker 1: to Florida nightclub Bloomberg's Bob Moon has more. Police are

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Speaker 1: still investigating what triggered the violence earlier this morning and

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Speaker 1: what was built as a team party. Club Blue and

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Speaker 1: Fort Myers sat on its website. The shooting broke out

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Speaker 1: at closing time as parents were picking up their children.

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Speaker 1: Witness named Olivia posted a Facebook video describing the young

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Speaker 1: victims she saw on the ground. Was laying on the

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Speaker 1: floor like he was just trying to fight for his life.

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Speaker 1: You know, baby, he didn't even live his life. The

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Speaker 1: local hospital said patients range from twelve to twenty seven

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Speaker 1: years old. The club said up was trying to provide

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Speaker 1: a safe place for teams to have a good time.

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Speaker 1: Bob Moon Bloomberg Radio. House Minority leader Nancy Pelosi says

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Speaker 1: having Donald Trump at the top of the Republican ticket

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Speaker 1: this fall will boost chances for Democratic gains in the House.

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Speaker 1: We have excellent candidates, we leads that we have. Obviously,

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Speaker 1: our vision for America, which we share with Hillary Clinton,

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Speaker 1: is one that we think really connects with the American people.

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Speaker 1: We have to make sure that it does. But I

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Speaker 1: don't think anybody can tell you that we're not going

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Speaker 1: to win or that we will win. I believe we can.

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Speaker 1: Pelosi made the remarks that a Bloomberg Politics breakfast today

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Speaker 1: in Philadelphia and New York state health officials are as

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Speaker 1: stablishing a task force to examine drug resistant bacteria. The

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Speaker 1: effort is aimed at protecting New Yorkers from a drug

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Speaker 1: resistant gene recently found in two cases of bacterial infection.

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Speaker 1: State Health Commissioner Dr Howard Zucker says the bacteria does

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Speaker 1: not constitute an immediate public health threat, but it is

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Speaker 1: imperative to prevent it from becoming an emergency. Global news

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Speaker 1: twenty four hours a day, powered by more than journalists

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Speaker 1: and analysts in more than one under twenty countries. I'm

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Speaker 1: Rainy in Essenio. This is Bloomberg, Charlie, and we thank

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Speaker 1: you and again recapping stocks lower SMP five. How did

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Speaker 1: it index down ten points to a drop of five

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Speaker 1: tenths of one pent? I'm Charlie pellett Um, that's a

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Speaker 1: Bloomberg business flash. This is taking stock with Kathleen Hayes

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Speaker 1: and Pim Fox on Bloomberg Radio. After fourteen years working

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Speaker 1: at Starbucks, our next guest finally decided it was really

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Speaker 1: all about bread and food and a their tasty delights.

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Speaker 1: Doug Satsman is the chief executive of Le pan Quotidia

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Speaker 1: USA and he joins US now in studio. He can

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Speaker 1: be followed on Twitter at Doug Satsman s A t

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Speaker 1: Z M A N and of course at le pin

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Speaker 1: Quo Titian Doug, thanks very much for coming in. Thank

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Speaker 1: you tell us about the pan Quotitia for people that

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Speaker 1: may not know about the what two hundred and thirty

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Speaker 1: eight different locations and a little bit of its history. Sure,

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Speaker 1: we are an authentic European brand that has started years

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Speaker 1: ago with Alain Cuman, our chef who grew tired of

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Speaker 1: the bread that was available in the marketplace. He started

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Speaker 1: making on his own and became very popular for that,

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Speaker 1: very well known. And further he started with one restaurant

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Speaker 1: in Brussels and it grew to a few and the

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Speaker 1: success went overseas over twenty five years. And because we

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Speaker 1: are a privately owned company, we grow responsibly, carefully. But

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Speaker 1: we're now up to two thirty eight restaurants, two eight restaurants,

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Speaker 1: ninety locations in the United States. How do you what

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Speaker 1: is the strategy here? How? What kind of markets, what

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Speaker 1: kind of neighborhoods, what kind of cities? Um? Do you

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Speaker 1: keep the product line that the you know, the coffees

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Speaker 1: and the food you offer the same everywhere you are?

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Speaker 1: How does this work? We are food is organic as

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Speaker 1: often as we can make it and from local suppliers.

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Speaker 1: So as we move around the world, we will have

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Speaker 1: slightly different menus. In the US, we're pretty consistent. We

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Speaker 1: were healthy and organic before it was on trend twenty

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Speaker 1: five years ago. And we are a neighborhood, community based

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Speaker 1: business and that's where we started. Big tables are want

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Speaker 1: to sit up community. The communal table has been one

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Speaker 1: of our our hallmarks where the community can come together

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Speaker 1: and uh sit down, take a break from the hustle

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Speaker 1: and paul all of the day. And we have expanded

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Speaker 1: into more locations with higher daytime population, so we're a

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Speaker 1: very popular place for lunch, not just brunch on the

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Speaker 1: weekends or or or a light dinner, and that has

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Speaker 1: informed where we go. We started in New York or

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Speaker 1: in l A, Washington, d C. Recently Philadelphia and Chicago

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Speaker 1: as well, and there's a lot more to go. I

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Speaker 1: gotta ask you what is dirty noodle soup? I thought

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Speaker 1: it'd be a good way to get you to tell

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Speaker 1: us about your newest concept. Yeah. Lobaltonist is our newest concept,

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Speaker 1: created by Alan Cuman, our chef, and he came up

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Speaker 1: with a lot of creative naming for some really good

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Speaker 1: vegan and plant based food. One of my favorites. Is

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Speaker 1: free range tofu really plays with you, get you interested

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Speaker 1: in trying. It's all delicious. But what is the dirty

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Speaker 1: noodle soup? What is it? And tell us about this

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Speaker 1: concept because this is something you're just introducing in the

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Speaker 1: United States. Yes, it's another example where we're innovating, respecting

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Speaker 1: our our twenty five year heritage. But food, you can

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Speaker 1: go so many directions and and what l M set

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Speaker 1: to prove is we can have really delicious, innovative food,

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Speaker 1: still plant based and organic. But he went further with

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Speaker 1: recipes we wouldn't necessarily have in the Penko didion today,

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Speaker 1: but hopefully you'll see some inspiration coming across to our menu.

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Speaker 1: So dirty soup is just the it implies the muddy

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Speaker 1: uh visual when you look at the soup and more

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Speaker 1: intended to pique your interest. It's delicious. So what did

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Speaker 1: you take from your role at Starbucks? He's less served

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Speaker 1: as Senior vice president of Business Development, License retail Operations

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Speaker 1: for Europe and East and Africa. What do you bring

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Speaker 1: from that experience to Lepanton? Starbucks was great at innovating.

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Speaker 1: They still are and it's a great people culture. And

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Speaker 1: I found when you can take a great product, and

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Speaker 1: you invest in your people and then you stay current

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Speaker 1: without compromising your heritage. You you have an unbelievable brand

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Speaker 1: and a great experience. And I found all of the

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Speaker 1: same pieces at Le panc Tidi and I started as

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Speaker 1: a customer, fell in love with the brand. I thought

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Speaker 1: it was one of the few in my neighborhood in

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Speaker 1: Amsterdam where I was last posted, and found out it

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Speaker 1: was this really great, beautiful company that's set to grow

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Speaker 1: and its next phase, it's next twenty five years. Price points.

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Speaker 1: Tell me about price points for the Panqutidium because of

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Speaker 1: course you've got competition and fast casual, whether that is

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Speaker 1: Panera Bread, whether it is shake Shack, five guys. UH.

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Speaker 1: You've got a lot of competition, and some of them

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Speaker 1: are publicly traded companies. You have a number of headwinds

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Speaker 1: for businesses and arrange. You have high rents, were in

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Speaker 1: high profile real estate wherein some of the best cities

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Speaker 1: and most expensive cities, labors high, and your ingredients are

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Speaker 1: high and you will see that reflected in the experience

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Speaker 1: UH and the investment we make in the restaurants, but

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Speaker 1: further in the level of quality and the food that

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Speaker 1: you have so we're not a value chain. We're not

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Speaker 1: looking to compete with some of the more pedestrian brands. UM.

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Speaker 1: But if we feel the food that you get UH

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Speaker 1: and the experience that you have and the customer service

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Speaker 1: that you have, UM, pricing becomes less important as the experience.

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Speaker 1: All right, Well, Doug Satsman, thank you so much for

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Speaker 1: joining us, and congratulations on your new job and good

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Speaker 1: luck with lp Q le pen Kadidion. Thank you very much, Statsman,

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Speaker 1: CEO of le pen Kadidian in the United States. He's

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Speaker 1: based in New York now moving his family over from Amsterdam.

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Speaker 1: I'm sure we'll have him back on the show as

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Speaker 1: his new venture continues. Me, thank you so much for

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Speaker 1: joining us today. I'm Kathleen Hayes along with Pim Fox.

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Speaker 1: Later in the show, we're gonna be looking at democratic

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Speaker 1: politics and feder Reserve policy. I'm Kathleen Hayes along with

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Speaker 1: Pim Fox. On taking Stock. This is Bloomberg taking Stocks

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