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Article: Dick Clark hopes for a hit with restaurant featuring a slice of American Bandstand. (Dick Clark Productions Inc.; Dick Clark's American Bandstand Grill)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 12, 1990
- Author:
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Dick Clark hopes for a hit with restaurant featuring a slice of American Bandstand
Despite a hard-as-a-rock food service industry, dick clark productions inc. last week opened a theme restaurant, featuring a pepped-up and Amercanized, version of a Karaoke bar.
"The restaurant business is a risky business," said Kenneth H. Ferguson, vice president and chief financial officer of dick clark productions. "But we found a partner willing to put up the capital. There's just no downside risk for dick clark productions. And, thus, we look forward to participating in this restaurant venture."
A partner in a joint venture with New Jersey-based Harmon ...