Alarms sounded from SoHo to Southampton yesterday whencityfile.com announced on their website that Pink Elephant and their newly launched Day and Night had filed for bankruptcy.
First of all, lovers of the famed Chelsea location can breathe easy. Seriously, some of you became downright apoplectic! While Southampton Yen Restaurant Group, LLC, operators of the Southampton hotspots Pink Elephant and Day and Night, did in fact file for Chapter 11 bankruptcy protection this week, it will not affect Pink Elephant Chelsea.
As a matter of fact, it’s probably not going to affect Pink Elephant, or Day and Night, in Southampton either. Here’s the Reader’s Digest version of what we know…
Oh, the club business. It never ceases to amaze me. I suppose the Hamptons needs at least one of these club hotspots in business. Certainly keeps things interesting, to say the least.