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Michelin Woes

2011_07_michelin.jpgA Financial Times piece today reveals Michelin Guides are losing over $24 million a year and will lose $30 million in 2015. There's no plan to shut down the guides altogether, but there has been belt tightening: Guides in Austria, Los Angeles, and Las Vegas were shuttered; headquarters were relocated from the charming 7th arrondissement to the suburbs outside of Paris. [FT via Eater National]