The restaurant business is notoriously difficult, famous for its grueling hours, flighty clientele and gruesome failure rate. Flipping a Manhattan townhouse, on the other hand, is supposed to be easier than flipping a burger.
But things are not always as they seem, as celebrity chef Emeril Lagasse recently discovered. The bam bam man just sold his Gerogian style townhouse at 158 East 61st Street for a disappointing $11.5 million, the same price he paid for the 6,900 square-foot manse back in 2009, according to city records. Apparently, houses are not as amenable to branding as lines of cookware and specialty spices.
We were only allowed to ask Rachael Ray one question at the Can-Do Awards dinner benefiting the Food Bank for New York City on Tuesday, April 20, so we tried to make it a good one (and curb our urge to ask her about that whole Dunkin’ Donuts keffiyeh tempest a while back): Read More
Has any industry enjoyed a bigger post–Sept. 11 reprieve than
television? Just four months ago, television as we had known it was presumed to
be in its final lap, gray and limping-staggering-for the home stretch, soon to
be surpassed by delivery via the Internet, by broadband, by service on demand.
So certain we were of Read More
Midway through NBC’s annual upfront presentation to advertisers on Monday, May 14, the gregarious celebrity chef Emeril Lagasse tromped down the center aisle of Radio City Music Hall in his luminescent white chef’s coat, chased by a spotlight. Had an NBC executive forgotten to pay the check at one of Mr. Lagasse’s restaurants? Was Mr. Read More