Celebrity Chef Mario Batali Has Divested From All of His Restaurants

Celebrity chef Mario Batali has cut his ties to all of his restaurants following sexual assault accusations. The scandal surrounding the allegations has gone on for about a year, and has apparently culminated in the chef’s divestment with his restaurants.

Mario Batali has given up all financial stakes in his restaurants, ending a 20-year relationship with Joe Bastianich. These developments come one year after several women accused Batali of sexual harassment and assault. Bastianich and partners have bought out Batali’s shares in several restaurants, including the Michelin-starred Babbo in Greenwich village. Bastianich has revealed in a statement through a spokesman that he and Batali have reached an agreement and that Batali will no longer have a stake at the restaurants they built together.

Batali and Bastianich had already been set to sever ties later this year. Batali writes in a letter:

“I have made many mistakes and I am so very sorry that I have disappointed my friends, my family, my fans and my team. My behavior was wrong and there are no excuses. I take full responsibility.”

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5 years ago
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