Greek Businessman commits suicide after participating in “Kitchen Nightmares” reality-show.
It was only a couple of months ago when restaurant owner Michalis Bofos, 42, participated in the Greek version of “Kitchen Nightmares”, a reality television series hosted by chef Hector Botrini.
Bofos and his partner were seeking the help of the famous Greek-Italian chef in order to revive his failing restaurant business, gain customers and income so that he could cover his half-a-million Euro debts.
His fish restaurant, the Blue Octapus, located in Keratsini, a suburb of Pireaus, was the dream of his life. But with a financial opening of 500.000 € this dream had soon turned in to a nightmare. Business was going very bad, interest rates were rising, he was not in position to pay back their loans – unknown if from banks or usurers.
Chef Botrini stayed one week in the restaurant of Bofos, registered mismanagement practices and applied his successful recipes both in management and cooking. In the reality-show episode audience saw Bofos complying with Botrini’s advices and eyeing full of hope a prosperous future.
Yet success was not meant to settle. Soon the situation reached a deadlock. Bofos started desperately looking for a solution, he had even initiated procedures to sell the family house in order to cover up some of his debts.
With banks having cut short loans selling a house in Greece nowadays is a difficult, if not unrealistic task. Bofos efforts were in vain.
This morning he hanged himself, leaving behind his wife and two minors.
The suicide of Bofos adds to the increasing list of businessmen, who choose to leave behind this world unable to cope physically and psychologically with the dramatic economic situation in Greece. According to the Police Department, 20 businessmen have committed suicide in year 2009, while the number of attempted suicides is not officially known.