Peter Chernin's investment firm TCG Capital Management is buying into the upscale food e-commerce brand.
Peter Chernin's The Chernin Group has acquired a majority stake in upscale kitchen and home brand Food52 for $83 million.
"After a decade of thoughtful content curation, product development, and community engagement, Food52 has achieved the ultimate measure of success in digital media and built a brand that consumers care deeply about. We couldn't be more excited to partner with the team on this next phase of growth," Mike Kerns, partner at TCG, said in a statement.
"We met our ideal partner in TCG, which shares our vision and values for building a community-driven consumer brand," Stubbs said in her own statement.
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