NEW YORK (1010 WINS) -- Mario Batali has given up all of his restaurants.
Batali's partnership with the Bastianich family of restaurateurs was formally dissolved on Wednesday, The New York Times reports.
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The move comes over a year after Batali was accused of sexual harassment and assault by several women.
"(Batali) will no longer profit from the restaurants in any way, shape or form," said Tanya Bastianich Manuali.
Bastianich Manuali will run the company that replaces the Batali & Bastianich Hospitality Group.
Although they would not discuss the terms of the buyout, Bastianich Manuali and her brother Joe Bastianich have bought Batali's restaurant shares.
Eataly USA told the New York Times that Batali is also selling his shares in the luxury Italian supermarket chain.
Joe Bastianich said says he was unaware of Batali's alleged sexual aggression, but that he did overhear him saying inappropriate things.
"While I never saw or heard of Mario groping an employee, I heard him say inappropriate things to our employees. Though I criticized him for it from time to time, I should have done more. I neglected my responsibilities as I turned my attention away from the restaurants. People were hurt, and for this I am deeply sorry," he said.
However three employees told the Times that it would not have been possible for Bastianich to be unaware of such behavior, and that the men fostered a culture that ignored misconduct and demeaned female workers.
"I have reached an agreement with Joe and no longer have any stake in the restaurants we built together. I wish him the best of luck in the future," Batali said.
Batali & Bastianich did not have an ownership in the restaurants, but provided management services to businesses in the group.
