Osterias are wine bars that have evolved to serve simple meals. Traditionally, they are simpler than trattorias and usually have no menu. The offering changes daily, according to the market and two or three courses are offered for a fixed price, including wine.

Osteria: In the past, an osteria was a place where locals gathered to play cards and drink wine. This type of establishment didn't always serve food, rather, an osteria was quite similar to a bar. Osterias have transitioned throughout the years and now they are closely tied to trattorias.

Valter Nassi, owner of the Salt Lake City restaurant, Valter's Osteria, died back in September at the age of 76. He was a man who loved the beauty of life. “La vita è bella,” said Enrico Nassi, Valter's son. “My father always said life is beautiful.

The move is aimed at driving the chain's growth across Europe, with McWin investing alongside L'Osteria founders, Klaus Rader and Friedemann Findeis, and management. The exact size of the stake was not disclosed.