The rapper is teaming up with Ashley Cole to launch the venture, which will employ school-leavers from underprivileged backgrounds. The pair has also pledged to donate a portion of the

eaterie's profits to charity. Jay-Z and Cole - ex-husband of Cheryl Cole - met in New York to discuss the project last month (Jun11) after they were introduced by a mutual pal. The

rapper says, "It'll be the hottest place in town."