The paper has been criticised for featuring the MasterChef host with the words "It saved me at a point in my life where I hit darkness" in the form of a halo over his head while he appears to be meditating, just two days after the Fair Work Ombudsman fined Calombaris $200,000 for his chain's underpaying workers $7.8 million in wages.
Good Weekend editor Katrina Strickland said the story was printed before the ruling emerged.
Replying to various outraged social media users, she admitted it was a "bad look" and "terrible timing".
"I know I know, George Calombaris on the cover. Not ideal - the perils of early print deadlines," she wrote in a separate Instagram post.
"But this cover story is not about George per se - it's about an important issue in the restaurant industry: chefs, mental health, untimely deaths, and attempts at last to do something about it. To do nothing less than save lives.
"And yes, George talks about how meditation helped him deal with his public shaming over wage theft a couple of years ago (he’ll need more now that the figure has blown out to three times what he’d previously admitted) and how he is now trying to get his staff into it."
The story profiles Calombaris’ route towards meditation after revelations in 2017 he had underpaid staff by $2.6 million. After the Fair Work announcement on July 18, it was revealed that figure was actually $7.8 million.
It also discusses how staff in his Made Establishment restaurants have had their working hours restricted to 40 hours a week to improve their mental health.
The piece also speculates if the meditation is a public relations exercise.
"Sceptics might question if all this is a PR move from a man whose public image is still tarnished. But Calombaris – not someone who tends to do anything half-cocked – comes across like a man on a mission," the piece reads.