In the News: Fika Filed for Chapter 11

••• “Fika has fizzled. The swanky Swedish coffee shop—which has been closing stores across Manhattan over the past year following an overly ambitious growth spurt—filed for Chapter 11 bankruptcy protection on Friday. The coffee chain, which in addition to coffee sold homemade chocolate, bakery items and sandwiches, had between $10 million and $50 million in debts and up to $1 million in assets, according to its bankruptcy filing in the Southern District of New York. Among its creditors are about eight real estate firms that are owed substantial amounts of back rent.” —New York Post

••• At Zuccotti Park, “Brookfield erected Rose III (2016), a 26-foot-tall, half-ton megaflora there, forged from lacquered steel by German artist Isa Genzken.” This may be an unpopular view—no shits left to give!—but I’m tired of art that consists entirely of enlarging an object. —Vulture

••• “Lower Manhattan is emerging as a mecca for millennials (defined here as people born between 1977 and 1996), according to a new report prepared by […] a nationwide apartment search website.” I don’t normally run these reports—there’s a new one every week, usually about “richest zip code,” and they’re simply PR ploys—but I needed a third item so the bar got lowered. —Broadsheet

 

5 Comments

  1. Sad news Re: Fika… They brought something nice to our neighborhood. I hope the location in Truffles remains open while they sort through the Chapter 11 reorganization process.

  2. What happened to the statue of the guy sifting through his briefcase in Zuccotti Park? He used to be sitting on the benches surrounding Rose III, but the picture of Rose III doesn’t show him sitting there anymore.

  3. They moved him to the top left of the park, on Broadway. He’s still there.

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