VillageVines Relaunches as Savored
By VisionwizTeam at June 21, 2011 | 1:08 pm | Print
Village Vines for accessing insider pricing at premier restaurants is re-launching their site as Savored.com, expanding its base into ten U.S. markets.And joining an exclusive partnership with Zagat and introducing a completely new site focused on inspiring diners to indulge at exceptional restaurants.
The new website features include the ability to view and search by Zagat ratings and reviews, which thanks to Savored’s exclusive partnership with Zagat, will be provided on the Savored website free of charge to Savored members.
Savored has proven to be the only deal site able to work with all the premier restaurants in the United States. Restaurants offering 30% off all food and drink to Savored members include: Daniel Boulud, Jean-Louis, Peter Kelly’s Xaviars, Capital Grille, China Grill, Aquavit, the Patina Group and over 500 other top-tier restaurants around the country that work exclusively with Savored.
How It Works:
Members use Savored to book reservations with premier restaurants, paying $10 to receive 30% off their entire bill, including alcohol. The 30% discount is applied automatically and discreetly to the bill at meal’s end, allowing diners to avoid flashing coupons or mentioning discounts. Savored members also receive periodic tips on local hot restaurants, as well as curated restaurant recommendations compiled by special guests such as Top Chef Judge Alan Sytsma and James Beard Award Nominee Josh Ozersky.
Best part is:
Now members can search for restaurants based on neighborhood, cuisine, scene and dining time, making it even easier to find the perfect restaurant for the occasion.
VC Funding:
Michael Lazerow, founder of Student Advantage, Golf.com and Buddy Media, will be making an investment in Savored for an undisclosed amount and joining the board as an independent director. Lazerow is currently CEO of Buddy Media, which powers social media marketing for eight out of the ten top global advertisers. He brings this domain expertise to Savored to help leverage the inherently social nature of dining out and fuel the company’s growth through social networks.In December 2010, Savored sold an undisclosed amount of the company for $3,750,000 to Hearst Interactive Media and GrandBanks Capital, among other investors.
Growing Fast:
Savored will double its national footprint with an expansion to Atlanta, Boston, Denver, Miami and Philadelphia (the company already serves New York City, Chicago, San Francisco, Los Angeles and Washington D.C.).
Currently on track to generate over $25 million of sales for their restaurant partners this year, in the last six months alone Savored has increased reservations by 335%, boosted subscribers by 228% and grown their staff from six to almost 50 full-time employees nationwide.
More at:http://www.savored.com/
