Embattled H&H Bagels could still get second chance

TRD New York /
Jan.January 24, 2012 12:30 PM

Although New York City classic H&H Bagels has struggled through bankruptcy and the loss of both an Upper West Side store at 79th and Broadway and their manufacturing plant, owner Helmer Toro told the Wall Street Journal he is confident his business will survive.

The space where the only remaining H&H does business, at 639 West 46th Street, was sold at auction for $11 million last week. Toro had owned the space in a partnership. A bankruptcy trustee has moved to evict H&H, and Toro then filed an order to show cause, effectively stalling the eviction. In a bankruptcy filing Toro has said he was “a victim of predatory lending and a disbarred attorney,” according to the Journal.

Still, Toro and others said that the name H&H is so well known that the underwater bagel salesman still might find an investor to help him ressurrect his business.

“I’ve been doing this for 40 years and I make the best bagels, according to my customers. And I love what I do,” Toro said. [WSJ]


Related Article

Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

Crowdfunding platform launches $20M Opportunity Zone fund

Brokerage megateams are having a moment

Views from Central Park Tower’s topping out

The Daily Digest - Tuesday

The trade war could cool down the e-commerce boom, Tom Barrack’s firm makes an aggressive bet on tech: Daily digest

Corcoran CEO Pam Liebman 

After data breach, Corcoran attempts a lockdown. But agents
are talking

195 Broadway and L&L Holding's David Levinson and Robert Lapidus (Credit: Google Maps and L&L Holding)

JPMorgan’s asset arm selling 195 Broadway for $800M