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Home/Banking News/A Famous Restaurant Now Makes An Unexpected Closure
Market News Today - A Famous Restaurant Now Makes An Unexpected Closure

A Famous Restaurant Now Makes An Unexpected Closure

By Frank Nez
May 27, 2024
2

A famous restaurant now makes an unexpected closure, leaving its celebrity owner with just one last flagship location.

Steakhouse owner and internet meme Salt Bae has lost the second of his three restaurants in New York City.

Turkish butcher Nusret Gökçe has shuttered his Nusr-Et Steakhouse in the Meatpacking District of Manhattan due to poor performance.

A representative of the restaurant group has confirmed the closure, saying it is part of a planned move to international markets.

“They tried some markets out,” the spokesperson told Eater New York.

“Some worked while others haven’t.”

Salt Bae owns the Nusr-Et chain with fellow entrepreneurs Ferit Sahenk and Mithat Erdem.

After shuttering his Salt Bae Burger location in Manhattan last year, Gökçe has just one restaurant left in the city located in Midtown.

The latest closure comes just two years after the Nusr-Et Steakhouse opened in the meatpacking district.

The steakhouse chain has over 30 restaurants split internationally including in England, Italy, and Mexico.

However, it has repeatedly received criticism from diners who have been charged ten times the retail value for a Sprite as well as $1,000 for a gold steak.

An itemized bill from a Nusr-Et restaurant shared on X, formerly Twitter showed a Sprite cost one diner $10.

More shockingly, the Golden Tomahawk steak covered in edible gold foil was priced at $1,000, reports The-Sun.

The cost breakdown was shared by a “concerned citizen” with other shocking charges including Golden Baklava for $65 a serving and sides of spinach and mashed potato at almost $40 each.

“In what universe does spaghetti cost 80 bucks per serving????” a shocked viewer commented.

“I just did the maths and the bill was $4602.90 and with tip (20%) it’s $5523.48,” another added.

As well as criticism about its prices, the restaurant group and its figurehead have also been hit with various lawsuits including one about keeping worker tips.

Despite closures and criticism, the celebrity chef is expanding his services.

The restauranteur’s latest venture will see him turn to celebrations including weddings and birthdays.

It comes after the 40-year-old has applied for a trademark on his name in capital letters.

Classifications for the news business include providing food and drink for “special occasions”.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

Market News Today - A Famous Restaurant Now Makes An Unexpected Closure.
Market News Today – A Famous Restaurant Now Makes An Unexpected Closure.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Famous Restaurant Now Makes An Unexpected Closure.
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Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    May 27, 2024 at 3:39 am

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  2. Frank Nez says:
    May 27, 2024 at 3:39 am

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