Nevertheless, the award of Michelin stars can add up to 30 per cent to takings, according to restaurant owners. The wealth just isn’t shared by the Guide Michelin, which is haemorrhaging more than €15m annually. Accenture, the consultancy firm, was brought in last year and issued a dire warning: the company needed to change rapidly or risk becoming a forgotten relic in the digital age. A year later, Michelin is still pondering what to do. And seven months after Naret’s departure, it has yet to announce a new editorial director.
PUBLISHED: July 16, 2011
LENGTH: 12 minutes (3121 words)