• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Mario Batali

Mario Batali Has Surrendered Stakes in All of His Restaurants

By
Natasha Bach
Natasha Bach
Down Arrow Button Icon
By
Natasha Bach
Natasha Bach
Down Arrow Button Icon
March 6, 2019, 12:19 PM ET

Celebrity chef Mario Batali is officially out of the restaurant business.

The New York Timesreported Wednesday that the partnership between Batali and the Bastianich family of restaurateurs has been formally dissolved after 20 years. The move follows allegations made in late December 2017 that Batali had made unwanted physical advances on a number of women who worked with him.

Immediately following the accusations, Batali announced intentions to step away from daily operations of his restaurants and stepped down from his role as host of ABC’s The Chew. In May of last year, Las Vegas Sandsclosed three of Batali’s restaurants on its properties, followed by several other closures.

Now remaining members of the Batali & Bastianich Hospitality Group have bought out Batali’s shares in all of the restaurants and plan to create a new company that will oversee day-to-day operations. The still unnamed group will reportedly operate the group’s 16 remaining restaurants, including New York City restaurants Babbo, Del Posto, Lupa, and Esca.

The Times reports that Eataly is also in the process of acquiring Batali’s shares in the chain’s USA operations.

About the Author
By Natasha Bach
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.