WWL reporting that Galatoire's to change hands

[HungryC]

WWL is reporting that Galatoire's will change hands:

http://www.wwltv.com/news/Galatoires-restaurant-changing-hands-as-part-of-multi-million-dollar-purchase-78869437.html

[saturnbar]

Gambit is reporting that John Georges is the new owner. No Joke.

[MikeHartnett]

Edit: Whoa. I take it back. I initially thought John Georges has just bought into the deal for a small share, but he's now the majority owner. Can you say publicity stunt?

Edited December 10, 2009 by MikeHartnett (log)

[HungryC]

I dunno: the negotiations (and legal actions) were rather prolonged. With a reported $11 million price tag, it would be a pretty expensive stunt (as the media is reporting he's a majority stakeholder).

[MikeHartnett]

He wasn't involved in the negotiations, though, as far as I can tell. After the deal closed with Trosclair as majority owner, Georges came in and bought the majority share for himself.

[TAPrice]

  On 12/10/2009 at 7:59 PM, MikeHartnett said:

He wasn't involved in the negotiations, though, as far as I can tell. After the deal closed with Trosclair as majority owner, Georges came in and bought the majority share for himself.

That's what everyone keeps reporting, but I find that really hard to believe.