HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Mario Batali Gives Up All...

Wed Mar 6, 2019, 03:19 PM

Mario Batali Gives Up All His Restaurants

Source: New York Times

The 20-year partnership between the celebrity chef Mario Batali and the Bastianich family of restaurateurs was formally dissolved on Wednesday, more than a year after several women accused Mr. Batali of sexual harassment and assault.

Mr. Batali “will no longer profit from the restaurants in any way, shape or form,” said Tanya Bastianich Manuali, who will head day-to-day operations at a new company, as yet unnamed, created to replace the Batali & Bastianich Hospitality Group.

The new company will operate the group’s remaining 16 restaurants under a new management and financial structure. Mrs. Bastianich Manuali and her brother, Joe Bastianich, have bought Mr. Batali’s shares in all the restaurants. They would not discuss the terms of the buyout.

Mr. Batali is also selling his shares in Eataly, the fast-growing global chain of luxury Italian supermarkets. “Eataly is in the process of acquiring Mr. Batali’s minority interest in Eataly USA,” said Chris Giglio, a spokesman for that company.



Read more: https://www.msn.com/en-us/foodanddrink/foodnews/mario-batali-gives-up-all-his-restaurants/ar-BBUrPQb?li=BBnb7Kz

4 replies, 1543 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply Mario Batali Gives Up All His Restaurants (Original post)
Yo_Mama_Been_Loggin Mar 2019 OP
DrToast Mar 2019 #1
marble falls Mar 2019 #3
mitch96 Mar 2019 #2
marble falls Mar 2019 #4

Response to Yo_Mama_Been_Loggin (Original post)

Wed Mar 6, 2019, 03:38 PM

1. "Gives up"? He sold his shares

Reply to this post

Back to top Alert abuse Link here Permalink


Response to DrToast (Reply #1)

Wed Mar 6, 2019, 03:51 PM

3. I imagine the family argued that Batali diminished the value of his own stock. I bet there was ...

a significant discount.

Plus he left them with some degree of liability to civil suit. That has to have some value but not to Batali.

He took a serious hit to the value of his trademark.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama_Been_Loggin (Original post)

Wed Mar 6, 2019, 03:39 PM

2. No soup for you Mario.............



m

Reply to this post

Back to top Alert abuse Link here Permalink


Response to mitch96 (Reply #2)

Wed Mar 6, 2019, 03:55 PM

4. No soup from you Mario, neither - it would seem.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread