Menswear retailer Angelo Galasso is back in court over his Plaza Hotel store

This time he says con artists ran it into the ground

New York /
Dec.December 04, 2016 10:56 AM

Luxury Menswear Retailer Angelo Galasso Is Once Again Having Trouble With His Plaza Hotel store. This time, he claims con artists took over his shop.

Back in 2014, The Real Deal reported that the owners of The Plaza Hotel placed a restraining order Galasso because of an eviction proceeding. Galasso fired back, with a $3.5 million suit for being wrongfully evicted on false pretenses.

Now, he claims two men he met at the Core Club, Sam Munshani and Leigh Davies, duped him into letting them run his shop, according to the New York Post.

Munshani described himself as “extremely connected” and promised to double the sales volume at Galasso’s outlet within two months, according to the Post. Galasso put them in charge of all operations.

The men allegedly fired key staff and ordered $1.5 million in unnecessary merchandise. Galasso is seeking $5 million in damages. [NYP]Christopher Cameron


Related Articles

arrow_forward_ios
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Union Square Hospitality Group CEO Danny Meyer and the Union Square Cafe (Photos via Getty; Wikipedia Commons)

Danny Meyer’s Union Square Hospitality halts indoor, outdoor dining

Danny Meyer’s Union Square Hospitality halts indoor, outdoor dining
From top: Park Place Mall in Tucson, AZ with Brookfield Property Partners CEO Brian Kingston; Westfield Countryside in Clearwater, FL with Unibail-Rodamco-Westfield CEO Christophe Cuvillier; and The Mall at Tuttle Crossing in Dublin, OH with Simon Property Group CEO David Simon (Google Maps, Westfield, Simon, Getty)

These are the biggest malls landlords ready to hand over to CMBS lenders

These are the biggest malls landlords ready to hand over to CMBS lenders
An analysis of data from CoStar found that retailers nationwide had missed two to four months’ rent (iStock)

Retailers now owe $52B in back rent

Retailers now owe $52B in back rent
Macy’s CEO Jeff Gennette (Getty; iStock)

Macy’s experiments with “dark stores”

Macy’s experiments with “dark stores”
Macerich’s Queens Center Mall (Photo via Macerich)

Macerich’s Queens Center Mall emerges from special servicing

Macerich’s Queens Center Mall emerges from special servicing
More restrictions are headed to New York restaurants, causing more challenges for restaurants struggling to get by during the pandemic (Getty)

NYC requires new safety measures for outdoor dining

NYC requires new safety measures for outdoor dining
Ralph Lauren on the on the corner of East 55th Street at 711 Fifth Avenue (Google Maps)

Ralph Lauren to sublease Fifth Ave. location for a fraction of the cost

Ralph Lauren to sublease Fifth Ave. location for a fraction of the cost
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...