Is New York to lose all of its favorite power lunching spots?
First, the Four Seasons Restaurant closed, and now, Le Cirque — the restaurant where crème brûlée was allegedly invented (or at least perfected) — and its sister restaurant Circo have filed for Chapter 11 bankruptcy.
All is not lost, however, as the restaurant owners, the Maccioni family, assured Page Six that this move was only to allow them to protect their leases.
“We had a short-term cash-flow issue so we filed for Chapter 11 to ensure we would not lose the leases on the two restaurants,” Mauro Maccioni told Page Six. “Both restaurants continue to operate as usual and fully staffed. We are in the process of restructuring ourselves and securing some additional outside funding.”
The Chapter 11 filing says the restaurants owe about 100 creditors between $500,000 to $1 million.
We better hope they figure this out soon, because the way things are going, New York’s elite is going to have no other choice but to head *gulp* downtown the next time they want a quality meal. [NYP]