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Costco leaders bankroll organic fast-food chain
Key Excerpts from Article on Website of Seattle Times


Seattle Times, May 28, 2016
Posted: August 22nd, 2016
http://www.seattletimes.com/business/costco-leaders-bankroll...

Costco and organics seem increasingly intertwined these days. The Issaquah-based warehouse giant in recent years has become a dominant seller of organic produce. And now Costcos co-founder and a top executive are investing in a planned restaurant chain ... that bills itself as the first fast-food restaurant to qualify as Certified Organic under U.S. Department of Agriculture rules. Costco co-founder and former CEO Jim Sinegal, along with Chief Financial Officer Richard Galanti, are among the investors in The Organic Coup, which opened its first restaurant in November and has two locations in the San Francisco Bay Area. The Organic Coup ... was founded by former Costco execs Erica Welton and Dennis Hoover. The investment, as noted by Business Insider, will allow the chain to expand. Hoover said the plan is to open up to 10 locations this year, then decide how many to open next year. A location in the Seattle area is on our target, he said. The USDA itself does not certify restaurants as organic. But restaurants may apply to private or public certification agents to become USDA Organic-certified handlers, as Organic Coup is. Such handler certification means products sold as organic must have at least 95 percent certified organic content, and that the restaurant must prevent the mingling of organic with nonorganic products, and protect organic products from contact with prohibited substances.

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