11.17.2005

Signatures Deal Falls Through

Developing story...
In a shocking twist to a story many in the food world have followed, Signatures has closed its doors. The group of investors that bought the restaurant backed out, throwing ownership back to embattled lobbyist Jack Abramoff, Roll Call newspaper reports today in a front page story (subscription required).

Roll Call writer Tory Newmyer reports: " 'The money is gone,' said Mark Smith, a co-investor and president of the lobbying firm the Da Vinci Group. 'We made an investment into a business, and the business is not viable.'

Smith said a clause in the contract allowed them to walk away at any time."

Publicist Linda Roth confirmed the closure.

The future of renowned chef Morou Ouattara, who last night served as the honorary chef at a March of Dimes auction and who is scheduled to appear on Iron Chef in January, is uncertain, but Metrocurean has no doubt the talented and respected chef can emerge unscathed, whether with yet another new set of owners or elsewhere (hopefully in D.C.).

2 comments:

TasteDC said...

Consider it good news, lobbyists shouldn't be in the restaurant business! Morou is a Hot Property, he'll get another restaurant deal quickly, this deal falling through seemed inevitable...

Anonymous said...

1789 should snap him up now that Ris Lacoste is starting her own venture in the new year...