Nation & World News

Paula Deen Cooks Up $75 Million Deal With Investor

By Mark Memmott on February 13th, 2014

The answer to the question “can Paula Deen recover?” from the uproar over her past use of the “N-word” is apparently yes.

“A recently formed new company, Paula Deen Ventures, said it has received an investment of between $75 million and $100 million from Najafi Cos., a private-equity company led by Jahm Najafi, who owns BMG Music Service and the Book-of-the-Month Club,” The Wall Street Journal writes.

The Atlanta Journal-Constitution reminds readers that:

“Deen’s celebrity status took a hit last year after she acknowledged in a deposition that she had used racial slurs in the past. The admission, revealed during a lawsuit filed by a former employee, led to Deen’s Food Network show being canceled and the loss of dozens of product endorsements, including Smithfield Foods.

“Deen, whose supporters were just as vocal as her critics, has apologized repeatedly, calling the language ‘totally, totally unacceptable.’ ”

The discrimination suit that led to the revelation about the N-word was eventually dropped.

E!Online writes that “Steven Nanula, chief executive of Paula Deen Ventures, revealed the company is in talks with TV networks, retail chains and other possible partners. The Food Network, which fired Deen in June 2013, is not being considered. Paula Deen Ventures declined to name which companies it has contacted.”

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

This entry was posted in News from NPR. Bookmark the permalink.

Comments are closed.

 

More Stories in News from NPR

Kentucky Is Now Just Two Games Away From Perfect Season

It was down to two final free throws, but the Wildcats finally overcame Notre Dame’s upset bid in a 68-66 win. They’ll go on to face the Wisconsin Badgers in a rematch from last year’s Final Four.


Wandsworth prison in south London in a 2010 photo. Neil Moore, a 28-year-old convicted fraudster, walked out of the prison earlier this month by showing guards a bail letter he'd forged.

British Fraudster Walks Out Of Jail Using Forged Bail Letter

The man, who was serving time for a $2.7 million fraud, simply showed guards the letter and walked free. He later changed his mind and turned himself back in to authorities.


A window sticker on a downtown Indianapolis florist shop this week shows its objection to the Religious Freedom bill passed by the Indiana legislature.

Indiana’s ‘Religious Freedom’ Bill Sparks Firestorm Of Controversy

When Gov. Mike Pence signed a law that allows his state’s businesses to refuse to serve same-sex couples, he could hardly have anticipated the dramatic backlash he’s received.


Yemen's President Abdel Rabbo Mansour Hadi speaks during the opening meeting of the Arab Summit in Sharm el-Sheikh, south of Cairo, on Saturday.

Arab Airstrikes Against Yemen Reportedly Could Continue For Months

At a summit in Egypt, the embattled Yemeni President Abed Raboo Mansour Hadi also described Houthi rebels as “puppets of Iran.”


Nigeria's President Goodluck Jonathan, left, and opposition candidate Gen. Muhammadu Buhari, right, prepare to sign a renewal of their pledge to hold peaceful "free, fair, and credible" elections, at a hotel in the capital Abuja, Nigeria, on Thursday.

Amid Violence, Nigerians Go To The Polls To Choose A President

Incumbent Goodluck Jonathan faces off against former military dictator Muhammadu Buhari in what is being described as the closest contest in the history of the West African country.


Thank you for your support

WUFT depends on the support of our community — people like you — to help us continue to provide quality programming to North Central Florida.
Become a Sustainer
I want to support FM 89.1/NPR
I want to support Florida's 5/PBS
Donate a Vehicle
Underwriting Payments