bankruptcies

cityfile · 01/20/10 07:18PM

• The week in reviews: Sam Sifton of the Times gives Danny Meyer's Maialino two stars; Steve Cuozzo of the Post heads to Maialino, too, giving it three stars; Gael Greene also covers Mayer's latest creation; Time Out's Jay Cheshes hits the Breslin; Alan Richman of GQ shares his passion for César Ramirez's work at Brooklyn Kitchen; and Danyelle Freeman reviews Rye in Williamsburg.
• New/upcoming: Soho tapas spot Ñ has opened a second location in Dumbo; Scott Conant is turning the Cooper Square Hotel bar into a casual cafe and plans to open it next month; and a Hooters may be coming to Brooklyn.
• Offal is all the rage right now, in case you weren't aware. [NYO]
• There were lots of leftovers following last week's Tavern on the Green auction, so a "last-chance bargain sale" is now scheduled for next week. [NYT]
• Some Valentine's Day dining suggestions if you're planning ahead. [Zagat]
• Pizzeria Uno has filed for chapter undici bankruptcy protection. [Eater]
• Can you picture Daniel Boulud and Alain Ducasse serving eats out of a food truck? The opportunity to see them slum it together arrives on Feb. 8. [GS]

cityfile · 12/11/09 04:56PM

• Olana on lower Madison Avenue is the latest restaurant to go bust. [Crain's]
• The UES fixture Gino's is still open, it may not be for much longer. [NYT]
• Café Habana's lawyer fired back today at the four ex-employees suing the restaurant. But now two other former servers are voicing similar complaints.
• Your dreams have been answered: The new Chelsea club Amnesia, which opened its doors last night, is "a little bit of Jersey Shore in Manhattan." [GS]
Rao's is impossible to get into. It's also overrated, just as you suspected.
• Gordon Ramsay's restaurant empire almost went under this year. Now he says he plans to focus more on TV than food in the future. [Bloomberg]
• The State Liquor Authority is dealing with another bribery case. [NYP]
• How much goes Kim Kardashian get to appear at a club? $40K. [Eater]

Bookie Goes Bust

cityfile · 12/03/09 01:39PM

Off-Track Betting, the quasi-public agency that has provided so much joy to this city's population of gambling-addicted, alcoholic miscreants—and turned more than a few neighborhoods into cesspools in the process—has filed for bankruptcy protection and now plans to scale back operations. [NYT]

Trump's Ego Sustains Further Damage

cityfile · 11/17/09 02:48PM

Donald Trump and daughter Ivanka have given up on their bid to regain control of Trump Entertainment Resorts, the bankrupt company that controls the three crumbling Atlantic City casinos that bear the Trump name. In other not-so-encouraging news for the family, it's now considered "likely" that lenders will soon foreclose on Trump Soho, the epically troubled condo/hotel on Spring Street. Some good news? If you're feeling drowsy this afternoon, a visit to the Trump Soho website will wake you up and that's totally free of charge. [WSJ, Curbed]

The Fall of Kent Swig

cityfile · 09/24/09 12:47PM

Is real estate mogul Kent Swig headed down the same path as Hassan Nemazee, the banker who stands accused of providing banks with false information to obtain nearly $300 million in loans? The Real Deal reported on Monday that Swig, who is facing a series of lawsuits over several real estate deals that have gone bust, may be forced to file for personal bankruptcy if a $28 million judgment against him is enforced.

An Ominous Sign For the Weinsteins

cityfile · 08/18/09 12:21PM

Reader's Digest reported yesterday that it plans to file for Chapter 11 bankruptcy protection any day now. The firm that Reader's Digest retained back in June to try and restructure the company's debt so it could prevent a bankruptcy filing? Miller Buckfire, the same financial advisory firm now counseling Harvey and Bob Weinstein on how to prevent their media company from going under. [Forbes]

Lenny Goes Bust

cityfile · 07/08/09 02:06PM

Lenny Dykstra, the former member of the New York Mets who tried to pass himself off as all-knowing financial guru, real estate investor, and magazine entrepreneur in recent years, filed for bankruptcy protection today. [Reuters]

Pink Elephant Responds

cityfile · 06/18/09 01:17PM

The folks at Guest of a Guest forwarded us a statement from Pink Elephant regarding the bankruptcy filing we reported on earlier. They'd like to make it clear that it's just the Southampton outpost of Pink Elephant that filed Chapter 11. Since it's a franchise operation, the club in Manhattan (as well as the one in São Paulo) won't be affected by it. So if you were concerned you'd no longer have the opportunity to meet the sort of sweet, down-to-earth girls you see pictured, don't you worry. You will!

Pink Elephant Southampton Goes Bust

cityfile · 06/18/09 08:18AM

Looks like the party may be ending soon at Southampton's Pink Elephant. David Sarner's nightlife company filed for Chapter 11 bankruptcy protection yesterday, listing more than $2 million in debts, including $776,000 in back taxes. The crisis in clubland continues, clearly. You can peruse the bankruptcy papers—and long list of creditors—for yourself after the jump.

Bauer Goes Bust

cityfile · 06/17/09 02:34PM

Eddie Bauer filed for Chapter 11 bankruptcy protection this afternoon. Not that you've ventured inside an Eddie Bauer store over the past decade or anything. But we thought we'd mention it anyway. Carry on. [CNN]

The Largest Bankruptcies Ever

cityfile · 06/12/09 12:03PM

With so many companies going bust these days—and with so many giant figures bandied about in the media—it's hard maintaining any perspective on what's happening in corporate America, isn't it? Fortunately, the good folks at GOOD magazine created a useful chart using little—or big!—boats in a selection of lovely pastel colors to illustrate it all. [GOOD]