Mario Batali ‘will no longer profit’ from his restaurants
|National Post 06 Mar 2019 at 19:04|
After leaving day-to-day operations in 2017 following sexual misconduct allegations, celebrity chef Mario Batali “will no longer profit” from his restaurant empire, The New York Times reports.
The Batali & Bastianich Hospitality Group, which Batali owned with primary partner Joe Bastianich, will cease operations. Its 16 restaurants – including Babbo and Del Posto in New York City – will operate under a new, yet-to-be-named company helmed by Joe’s sister, Tanya Bastianich Manuali.
This announcement marks the end of a 20-year partnership between Batali and the Bastianich family, with Tanya and Joe reportedly buying out the entirety of Batali’s shares in the restaurants. Acclaimed LA-based chef Nancy Silverton and Lidia Bastianich, chef and owner of New York City’s Felidia will also partner in the new company.
Tanya has a PhD in art history from Oxford University, and while she has produced Lidia’s cooking shows, managed restaurants and co-written seven cookbooks, she had previously kept a low profile in the company. “I never planned to come back,” she told the Times. “The pull of a family business can be strong.”
Batali is also apparently in the midst of selling his stake in Eataly, the luxury Italian marketplace with locations from Torino to Tokyo (its first Canadian outpost is set to open in Toronto this fall). “Eataly is in the process of acquiring Mr. Batali’s minority interest in Eataly USA,” Chris Giglio, a spokesperson for the company, told the Times.
In this occasional series, Jordan Peterson writes from his international speaking tour for his book, 12 Rules for Life
Comment Nation: Stephen LeDrew discusses the aftermath of Jody Wilson-Raybould s testimony and the state of the PMO
Let Me Illustrate: Gary Clement s take on the SNC-Lavalin scandal that s embroiled the Liberal Party
Whether or not any laws were broken is not the issue. The standard expected of public officials is not that they should merely avoid committing crimes