Mario Batali sells stake in his restaurant group

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Mario Batali sells stake in his restaurant group
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Embattled celebrity chef Mario Batali has sold his stake in the chain of restaurants that helped to make him famous, more than a year after he was accused of sexual misconduct

New York .

The sale was confirmed by both Batali and the restaurant company, formerly known as Batali and Bastianich Hospitality Group. It will adopt a new name that has not yet been announced.The announcement comes nearly a year after the company said it was actively negotiating to buy Batali's stake. Terms of the sale were not disclosed by the privately held company.

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