When the Michelin Guide reduces a restaurant's rating, chefs commit suicide, restaurants lose business. On the other hand when the Michelin Guide bestows a restaurant with its coveted 3 star...

When the Michelin Guide reduces a restaurant’s rating, chefs commit suicide, restaurants lose business. On the other hand when the Michelin Guide bestows a restaurant with its coveted 3 star ratings, its business can increase as much as 30% and the chef achieves celebrity status. Such is the power of the Michelin Guide that currently covers France and Europe and is all set to publish a guide to New York City restaurants. The entire restaurant industry is watching this move with justifiable anxiety.

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