Paula Deen lands $75 million investment deal

[alp227]

Source: Savannah Morning News

Paula Deen is cooking up quite the comeback.

The celebrity chef and former Food Network star recently inked a lucrative deal with Phoenix-based private investment firm Najafi Companies worth between $75 million and $100 million, according to the Wall Street Journal.

Called Paula Deen Ventures, the new partnership will be the umbrella name for Deen’s many brands, including Paula Deen Foods, Paula Deen Media, Paula Deen Restaurants, Paula Deen Cookware and Paula Deen Home.

A press release on the new venture said Paula Deen Ventures will be headed by food-industry veteran Steven Nanula, who as CEO will help “develop progressive business initiatives as well as strengthen existing partnerships.”

Read more: http://savannahnow.com/exchange/2014-02-12/paul-deen-lands-75-million-investment-deal

[cosmicone]

1. As PT Barnum said

a sucker is born every minute

[Isoldeblue]

2. I hope no one minds if

I don't wish her well....

Didn't care much for her before the diabetes story and can't stand her now after observing her obvious racism. She's a dishonest fake.

[heaven05]

3. boy!

being a celebrity racist can make you rich!!!! Oh, what am I surprised about? This is the land of the zimpigs, home of the duck dynasty. Fucking disgusting rewarding these pigs.

[tomm2thumbs]

4. My guess is it'll be a failed investment

'worth between' is probably dependent upon the project being a success...

[aikoaiko]

5. That's interesting.

[CFLDem]

6. The secret ingredient is

BUTTER!!!!

[Phlem]

12. and

salt with equal heaping's of sugar (white or brown, your call).

Put some of that on a tire and see if you don't like it.

-p

[okaawhatever]

7. Is it horrible of me to suggest she may be coming out with a line of white sheets? nt

[pasto76]

8. najafi? sounds muslim

[alp227]

11. The CEO Jahm Najafi is of Iranian descent.

http://blogs.wsj.com/deals/2011/06/07/possible-new-owner-for-borders-meet-jahm-najafi/

Also was executive for the NBA's Phoenix Suns.

[Travelman]

14. And apparently a devout Democrat

Judging from where he puts his money, anyway:

http://www.campaignmoney.com/political/contributions/jahm-najafi.asp?cycle=08

[onehandle]

9. Official Food Services Provider Of Racists. nt

[Dawson Leery]

10. Fraud. How can a diabetic openly sell such horrible food to the public?

[packman]

13. He can pay her all he wants

But, I'll be damned if I will ever buy anything branded "Paula Deen". I'll exercise my right to boycott that racist, smiley tooth, Southern charm phony.