Mario Batali Completes Divestment of All Restaurant Shares | Food Newsfeed
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The divestment comes more than a year after accusations of sexual misconduct and harassment surfaced.

Mario Batali Completes Divestment of All Restaurant Shares

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The chef will no longer profit from restaurants like Babbo and Del Posto.
By Rachel Taylor March 2019 Chef Profiles

Mario Batali’s 20-year partnership with the Bastianich family is officially over. The New York Times reported Wednesday the family bought out Batali’s shares in the Batali & Bastianich Hospitality Group and took over his financial stake in the company.

The divestment comes more than a year after several women came forward accusing Batali of sexual misconduct and harassment that spanned decades.

While the financial details of the deal were not disclosed, Tanya Bastianich Manuali told The Times Batali, “will no longer profit from the restaurants in any way, shape or form.”

Manuali and her brother, Joe Bastianich, will run the newly restructured restaurant group, which is comprised of the group’s remaining 16 restaurants. Everything from management to finances are being reworked. Manuali will lead the day-to-day operations.

Along with Manuali and Bastianich, chef Nancy Silverton and Lidia Bastianich, Bastianich’s mother, are also joining the new company as partners to help with “corporate strategy, culture, talent development and oversight across the businesses,” according to The Times.

Batali is also in the process of selling his shares in Eataly. “Eataly is in the process of acquiring Mr. Batali’s minority interest in Eataly USA,” Chris Giglio, a spokesman for that company, told The Times.

Last fall, the accusations against Batali also led to his removal from the TV show “The Chew,” as well as Eataly pulling his cookbooks off shelves.

In January, the NYPD closed its investigations into chef and restaurateur Mario Batali without filing charges. However, the chef remained tarnished from the scandal.

The once thriving Batali & Bastianich had dozens of restaurants from Hong Kong to the U.S. Batali’s three Las Vegas restaurants closed over the summer after partners cut ties with the group. In late 2018, Batali’s Michelin-starred La Sirena shuttered.

The new company is comprised of restaurants that never involved Batali directly, including Chi Spaccha, Osteria Mozza, and Becco. The Batali & Bastianich group provided management services to restaurants within the group, but had no ownership and will remain independently financed and operated.

With the divestment of Batali’s shares, the Bastianich family is back holding the reigns of a restaurant group that began with Lidia Bastianich and her husband, Felice Bastianich, in the early 1970s.