Juice Press
 |
|
| Private | |
| Industry | Restaurants |
| Founded | 2010 |
| Founder | Marcus Antebi |
| Headquarters | New York, NY |
|
Number of locations
|
54 |
|
Area served
|
USA (East Coast) |
|
Key people
|
Marcus Antebi (CEO) Michael Karsch (Chairman) |
| Products | Cold-pressed juice, smoothies, vegan snacks, supplements |
| Website | juicepress.com |
Juice Press is an American chain of organic, cold-pressed juice, smoothies, salads, soups and vegan snack shops. There are 54 locations in four states, all on the East Coast.
Juice Press was founded by Marcus Antebi with the opening of its first location in Manhattan's East Village in April 2010. A second location was opened in New York City in June 2011. Antebi has said he started the company because there were no good fresh juice products available.
In February 2012, New York Yankees first baseman Mark Teixeira and Marquis Jet founder Kenny Dichter purchased stakes in Juice Press. The previous year, Antebi had worked with Teixeira on an off-season program that helped him lose 15 pounds.
In 2013, hedge fund owner Michael Karsch of Karsch Capital Management invested in Juice Press, prior to its series A round of financing. Karsch is the chairman of the board of directors of Juice Press. By early 2013, Antebi, Dichter and Karsch raised $7 million in venture capital from investors including Home Depot founder Kenneth Langone and hedge fund manager Stan Druckenmiller. This helped the company rapidly expand in the Northeast, as it opened 26 new locations in five years and grew from a valuation of $15 million in 2013 to $100 million in 2015. As of August 2016, there are 54 Juice Press locations in the Northeast.
In May 2014, Juice Press moved its production facility to Long Island City in Queens, New York. It occupies a 25,000 square-foot kitchen, with 200 employees producing 100 different items a day, including 15,000 bottles of non-pasteurized juices and smoothies.
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Wikipedia