Tom Colicchio Is Closing Craft After 25 Years — A Warning for Restaurants?

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n this episode of the Repertoire Report, Justin Khanna and Ray Delucci dig into the latest restaurant industry news: Tom Colicchio closing Craft after 25 years in New York City, rising restaurant costs, changing diner behavior, and what these shifts mean for chefs, operators, and hospitality professionals. They also break down new openings from major names in food, including Kabawa, The Lion’s Den from Chef Michael White, and The Merchant Room from Gavin Kaysen.The conversation also explores Michelin expansion, the pressure of operating in major dining markets, whether restaurants can still make ambitious hospitality work financially, and a petition pushing back on the Culinary Institute of America’s use of AI. If you care about fine dining, restaurant openings, chef culture, food media, hospitality careers, or the business of restaurants, this episode is packed with analysis, context, and honest industry perspective.

Links:

Craft Closing Announcement

Craft Closing NY Times Piece

Kabawa

Punk Noir

Lion's Den

The Merchant Room

VAT Petition

Post Modern Times Donation Page

Post Modern Times NY Times Write-Up

CIA AI Announcement

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