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
Jersey Mike's CEO Peter Cancro in front of 1500 Smithtown Avenue in Bohemia, Long Island (Jersey Mike's, Google Maps, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Sandwich chain Jersey Mike’s expanding in NY
Sandwich chain Jersey Mike’s expanding in NY
A photo illustration of Market by Macy's located at 321 State Street in Southlake, Texas (Google Maps, iStock)
Macy’s embracing smaller stores in department store shuffle
Macy’s embracing smaller stores in department store shuffle
Photo illustration of SL Green's Marc Holliday (iStock, Getty)
The sin I live in: Times Square looks to Las Vegas for inspiration
The sin I live in: Times Square looks to Las Vegas for inspiration
Retail landlord Jack Terzi and 240 East 54th Street (Jack Terzi)
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Thor Equities' Joe Sitt and the retail condo at the base of 700 8th Avenue (Thor Equities, Google Maps)
Joe Sitt loses West Side retail space to foreclosure
Joe Sitt loses West Side retail space to foreclosure
ASG Equities' Raymond Gindo and George Karnoupakis with 472 86th Street in Bay Ridge (ASG, Getty)
Gindis finish assemblage to redevelop ex-Century 21 site
Gindis finish assemblage to redevelop ex-Century 21 site
UBS retail analyst Michael Lasser (LinkedIn, iStock, Illustration by Kevin Cifuentes for The Real Deal)
UBS predicts 50k store closures over 5 years in tick toward optimism
UBS predicts 50k store closures over 5 years in tick toward optimism
Valentino store at 693 Fifth Avenue in Manhattan and Valentino CEO Jacopo Venturini (Google Maps, Getty)
Valentino settles Fifth Ave pandemic rent dispute
Valentino settles Fifth Ave pandemic rent dispute
arrow_forward_ios

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

Loading...