Displaying items by tag: Business Closings

Wednesday, 25 March 2015 08:05

‘Ebony’, ‘Jet’ photos on sale for $40M

(NNPA)—Johnson Publishing, the mothership company of the beleaguered yet iconic magazines Ebony and Jet, has put their legendary photo archives on the market for an estimated $40 million. The 5 million-image archive have snapped the Black experience dating back to 1942, including intimate photographs of civil rights leader Rev. Dr. Martin Luther Ki...

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According to the Wall Street Journal, Carol's Daughter LLC has filed for Chapter 11 bankruptcy and will close most of its stores in the coming months....

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Famed restaurateur Barbara B. Smith is closing her Sag Harbor Restaurant for good as she heads to a warmer climate. The television personality just shut down her Washington D.C. restaurant after 20 years and will be moving out of New York, reports News One.“There’s a difference between quitting and knowing when to quit,”her husband, Dan Gasby...

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Washington D.C. Police Chief Cathy L. Lanier ordered popular NW Washington nightclub 1920dc and adjacent Asefu’s Restaurant closed, after a man was fatally shot following a dispute inside the club late last month, according to Mount Vernon Patch.A 2005 District Law gives Lanier broad authority over the city’s bar and nightclubs, a r...

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Atlantic City’s 40/40 Club, co-owned by hip-hop star Jay Z, has closed, according to CBS.The club, which was worth $4 million, has not operated since October when its lease expired. Superstorm Sandy flooded the building and tore a hole in the roof around the same time.The club opened in October 2005. ...

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 The rapidly changing landscape of Harlem has claimed several small businesses as victims of change. Lenox Lounge, Hue-Man Bookstore and Harlem Vintage are all examples of businesses that have closed recently, never to reopen.To prevent more businesses from closing, the Harlem Business Alliance has announced that it will put a $700,000...

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The seemingly never ending saga of Soul Food restaurant, The Pink Teacup, has a new chapter.In the last few years, the Greenwich Village hotspot has moved not once, but twice, and due to it relocating, it is now in financial hot water.When the eatery moved last year to its new location at 538 Sixth Avenue, it did not have a liquor license for at...

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Luther Campbell is most notably known for his raunchy booty-shaking music and for going to the U.S. Supreme Court in a battle for free speech. But he’s also a lifelong Florida resident.Recently, he wrote a column for the Miami New Times where he spoke about the loss of African American-owned businesses on Martin Luther King Jr. Boulevard in...

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According to a published report by the new York Daily News, Lenox Lounge will be reopening, but in a new location two blocks north of its original site.The bar’s owner Alvin Reed recently took down the iconic sign from the front of the old venue, leaving a storefront that looked foreign to many city residents. Many passerby’s took photos of the st...

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One of the last iconic establishments that exemplified the spirit of Harlem will be closing its doors.According to the New York Amsterdam News, The Lenox Lounge, located on Lenox Avenue between 124th & 125th street which has served as a venue for jazz legends such as Billie Holiday, Miles Davis, and John Coltrane, will serve its last drink at...

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