Schwartz's sold!

Schwartz’s, the legendary smoked meat restaurant in Montreal, was sold for ten million dollars to René Angelil and a group of investor at the beginning of January.

The Huffington Post Quebec learned that former owner businessman Hy Diamond sold the popular restaurant simply because he wanted to move on.

Sources say many people had wanted to acquire it, but its high price discouraged many.

Angelil, Celine Dion’s husband and manager, is said to be part of the group of investors who acquired the business, along with his cousin Paul Sara.

The Gazette had reported rumors of the sale earlier this week, and employees were told not to answer any questions about it.

Schwartz’s was opened in 1928 by Reuben Schwartz and has enjoyed great success amongst locals, tourists, and celebrities.

A line of merchandise, spices, a book, a documentary film and a musical are derived products of Schwartz’s.

A Journal de Montreal critique said that the new owners should consider expanding so that people can enjoy their favorite food everywhere in the world.