Backed by a licensing deal with Warner Bros., the Times Square-based café is testing whether a TV brand can translate into a durable food business.
Central Perk’s grand opening late last year was not pitched as nostalgia for nostalgia’s sake.
At 20 Times Square, the café is operating as a food-and-beverage business first—one that happens to be licensed to one of television’s most valuable entertainment brands and one where the gang frequently gathered...