Midtown Already Feeling Lehman Withdrawl
Crains is reporting that sales are down at a number of Midtown businesses that depend on Lehman Brothers employees. “Business at the Majestic Delicatessen was down 50% Monday, according to [the] owner of the breakfast and lunch spot located… at 7th Avenue and 50th Street.” Also mentioned in the article as being affected: Ben Benson’s (on 52nd & 7th) and countless tailors in the area, who have already seen drops in the number of suits being ordered. In contrast, according two sources, popular bars in the area (like TGI Fridays and Emmett O’Lunney’s) have been full. However, one Midtown Lunch doesn’t seem to be affected- this from a commenter yesterday: “Line out the door at Sapporo at 1:15 today — I kind of thought the Lehman people wouldn’t be around so maybe it would be less crowded… no such luck.”
Posted by Zach Brooks at 10:14 am, September 16th, 2008 under Lehman Brothers, News.