The owner of the steakhouse with a famous chef is struggling with debt. It's a problem for Turkish firms with dollar-denominated loans after the lira's collapse.
Viral meme sensation and chef Nusret Gökçe, more commonly known as Salt Bae, has some serious issues piling up at his restaurant in Dubai frequented by celebrities and sports stars.
Dogus is now seeking to restructure its debt, having spent big on the hospitality sector in recent years despite the slump in the Turkish economy. Nusr-Et, a restaurant famed for its videos of celebrities eating there, is owned by Dogus Holding, an investment group owned by Turkish billionaire Ferit Sahenk. Dogus signed an agreement with lenders last December to help restructure its $2.5 billion in debt but still has a mountain of liabilities in 2019,The company's liabilities increased by 17% to 28.
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