Tim and Nina Zagat won’t retire just yet.
Tim and Nina Zagat have pulled their restaurant-review empire off the market, the Times reports. Back in January, the Zagats sought to sell their company for a hefty $200 million, but apparently received no serious takers. The company was valued at $100 million back in 2000, and though the Zagat books are robust sellers, the subscription-based Website has not necessarily doubled the company’s worth in eight years. Not to mention the flaccid economy, which did nothing to encourage that whipping sound made by checkbooks. Our review? The deal was “overpriced” and “overhyped,” and the Zagats can now get “back to basics.”
