Even for a man as volatile as Gordon Ramsay, it was a spectacular falling out. Twelve days ago, to the astonishment of everyone, it was announced that the celebrity chef and his chief executive, Chris Hutcheson, had parted company, thereby ending one of the strongest, most notorious, partnerships in the industry.
Hutcheson was not just Ramsay’s initial backer and business mentor, he was his father-in-law and the abrupt severing of ties plunged the family into the type of blood feud that may never be resolved.
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Sunday, October 31, 2010
Landrys buys Claim Jumper Assets
Hospitality Business News -Claim Jumper Restaurants, LLC announced today that Landry’s Restaurants, Inc. has been selected as the highest and best bidder in a competitive auction held October 28, 2010 for substantially all of its assets. Landry’s final bid has been valued by the Company and the Official Committee of Unsecured Creditors at $76.6 million. The proposed sale to Landry’s is expected to be approved by the Bankruptcy Court in Wilmington, Delaware on November 2, 2010. The transaction is expected to close on a date mutually agreeable to the Company and Landry’s, subject to satisfaction or waiver of customary closing conditions.
