Times Pic Steals Story

Mr. Anderson reports on the story we already broke.

And check out this email that fell into Peter's Inbox recently notice the name of who originally sent it.

From: al gooch
Sent: Wednesday, January 21, 2009 2:37 PM
To:
Subject: FW: Galatoire's Sale hits the Press - turned up in a Google search

---

Subject: Fw: Galatoire's Sale hits the Press - turned up in a Google search

----- Original Message -----

Subject: Galatoire's Sale hits the Press - turned up in a Google search

Wednesday, January 14, 2009

New Ownership at New Orleans Flagship

For many foodies around the country, Galatoire's is the one of the first restaurants which comes to mind when thinking of "New Orleans food." For over 100 years, the Galatoire-Gooch family has been at the helm of what is arguably the quintessential creole fine dining restaurant in New Orleans. Such might not be the case much longer. According to two sources within the staff of the restaurant (one from the front of the house, one from the back), an earthshaking deal has been struck in which a majority of the Galatoire-Gooch family shares will be sold.

"Deep Fried" - the more knowledgeable of our two sources - described the details of the sale as follows. Though he/she was hazy on the specifics, his/her information comes directly from one of the major players listed below.

1. The ownership change affects both the original Galatoire's on Bourbon and Galatoire's Bistro in Baton Rouge. (Yes, we are aware that the ownership makeup is not exactly the same for both restaurants. However, there is no question that there is some shareholder overlap between the two locations).
2. GM/COO Melvin Rodrigue will acquire a 12.5% ownership stake.
3. Executive Chef Brian Landry will also acquire a 12.5% ownership stake. Chef Landry will be required to maintain his post as Executive Chef for a specified number of years.
4. A quartet of "big money guys" will acquire 50% of the shares. Though we do not know the exact identities of these four individuals, we were told that one of them comes from the Bollinger Shipyards family.
5. The remaining 25% of the shares will be retained by the Galatoire-Gooch family. We are told that a number of family members (upwards of 25 individuals) have an ownership stake in the restaurant. Which particular family members will retain ownership we do not know.
6. There is talk of moving Galatoire's Bistro to another location - most likely closer to downtown Baton Rouge.
7. The agreement provides for future ownership in future additional Galatoire's restaurants. (And we thought that hell froze over when they started serving Godchaux salads just down the road from Blue Bayou.)

Could this really be true? All signs point to yes. What else is there to say? Not much. That's what pictures are for.
http://blackenedout.blogspot.com/2009/01/new-ownership-at-new-orleans-flagship.html