Zero Happiness
Steve Lewis
July 02, 2009
Nice guys sometimes finish second. I sat on the Emma Cleary story to allow time for negotiations to continue in private and my fair friends over at Grub Street ended up beating me to the punch. Since yesterday, a bad situation has gotten worse and lawsuits and injunctions seem to be imminent. The much awaited redux of Double Happiness into a restaurant lounge manned by gal around town Emma Cleary will most likely not happen. Although sources have told me that the space is just about done, internal strife between the investors and Emma have reached defcon 5 and she "feels better just walking away.” The problem here for the investment group is that it is her dear name on the liquor license. It is my understanding that if she does turn in the license as she plans to do, as early as today, the place will have to reapply, a process that will push the opening back for a year and maybe forever.
It seems Emma is not happy with English investor Lewis Black who was described to me by my very British source as a brutish fellow. “He’s a Billy Bunter type, a snobbish fat little bully from British comics.” Another chap said he was, “A secretive, spoiled rich kid who will just die if his name appears.” I don’t know the man to judge him but I do know Emma a little and for her to walk away from her dream so long in the making he must be bloody awful. The other investor mentioned is Fred Loh and Emma’s trust in him, “has waned and now it is completely gone.”
I asked Emma if things could be resolved and she said, “I don’t feel comfortable anymore and walking away from the project feels right.” She continued, “I’ve worked hard and I’m poor and aggravated by all this, I might as well be poor without this aggravation.” Contractor sources tell me that there have been, “many guys on this job and lots of mistakes made in construction.” I was told that the budget “has swollen from $1.2 million to $2.3 million. Despite his protests to the contrary, Shawn Kolodny seems to be involved. Indeed, when I asked him for comment he insisted that he was “merely a friend giving advice,” yet literally minutes after my call to him, Emma called me telling me that the investors were now on to her turning in the license and threats and offers were flying all at the same time. The joint originally was called Come, then became Lucky Eleven Lounge and then The Mott now BYOB might be a better choice
The claims that Emma was fired seem funny as she is the marquee name. Those frisky twins Derek and Daniel from Merkato 55 seem to be buzzing around and Sean may eventually come across but it will be hard to open without booze.
Late Breaking News
Another attempt to stop this story was made by people who claim to speak for the investor side. They asked me to postpone printing until Monday. I asked why I should do that, as last time I held what I knew I read about it on Grub Street the next day. “The parties are very close to an agreement and it would be silly to cause that process any harm,” they told me. I called Emma Cleary to see if indeed progress had been made and she replied, “Oh, really, that’s the first I’ve heard of that.” She insisted she has “not been contacted,” and that the “negotiations are at a standstill if not an end.” I called the investors’ mouthpiece who felt that I should hold the story because, “I hadn’t given the other side a chance to speak.” I reminded him that I indeed had but never heard anything back from them. I again offered them an opportunity to add their side to this sad tale. I was asked what her position was and I said, “I believe Emma would rather just walk away than do business with them anymore.” I was told that she would be sued. I told them that, Emma is without assets and even if they won, which seems unlikely from what I know, that it would seem impossible to collect money. I was then told that, “other things could happen to her.” I asked if there was a physical threat and I was told there wasn’t. I asked, “What could they be implying? Because it sounded like a physical threat to me.” (I have some small experience in these matters). The caller then backtracked into a repetition of variations of “it’s a shame, it’s a shame,” and a few, “I’m not really involved.” I saw that Dillinger movie tonight and liked it except from my small experience in these matters. I didn’t think that’s the way gangsters talk.
Comments (9)
Posted by miguelpena on Thu Jul 2, 2009 at 06.52 pm
oh poor little spoiled girl. this chick leaves a trail of people scratching their head wondering why they ever took her call to begin with. the good thing about the recession is it shakes out incompotents like her. sounds to me like someone couldnt hang on to power, happens to many a pretty face without a brain. nice house but nobody is home. maybe she can blame the scrarecrow from wizard of oz next for her follies.
Posted by WouldntUlike2know on Thu Jul 2, 2009 at 08.05 pm
I know Emma. She is a self-made, hard working, woman who trusted people that had intentions all along. When Mr. L Black came into the picture, towards the end of the project, things got shady. You can’t just rob someone of everything they’ve worked for and get away with it. I believe these investors are learning a lesson they should have learned back in preschool ... being a bad person, a greedy person, who engages in underhanded behavior never pays off… their sins should be shouted from the roof tops…
Posted by Knowsbetter on Fri Jul 3, 2009 at 10.44 am
hard working? self-made? who cares about hard working, its effectiveness and results that matter. just ask hank greenberg, steve jobs or Niklas Zennstrom. my dad pushed an electrical cart for 40 years and died in debt due to hospital bills, he was hard working, no? and self made, he never took a dime from nobody. so exactly how self made was she? unless she put up her own money, seems to me she took over $2million of investor money, hardly self made. when you take money, you get in bed with the people that gave it to you, plain and simple. here is a thought, why doesnt she just give back the $2million, then im sure the investors would give her the company back, oh wait, she probably spent (err wasted) it all. such a shame, double happiness was a great place to hang. even dad liked it.
Posted by somebody on Fri Jul 3, 2009 at 12.19 pm
Threatening and bullying show not only the unprofessionalism involved in this whole fiasco, but also the kinds of people Emma had to be dealing with for 2 years. I think she is doing absolutely the right thing by walking away from the project, and I’m pretty sure karma will come back to bite them when all is said and done. They should be ashamed of what they did, and sneaking around and plotting behind the driving force’s back is absurd… had they been unhappy, they could have negotiated a deal to bring in another person to help and work TOGETHER rather than being shady and conniving. Two thumbs down for them!
Posted by switzerland on Fri Jul 3, 2009 at 01.11 pm
Im sure you think you KNOW BETTER your name is FRED LOH
Posted by Not Stupid on Fri Jul 3, 2009 at 04.22 pm
So Steve Jobs never took investor money? Cmon Fred please. After this restaurant folds by Friday pushing that electrical cart might be how how will spend the rest of your days.
Posted by WouldntUlike2know on Fri Jul 3, 2009 at 04.35 pm
How does anyone start up their own business for the first time? How does anyone go to college these days without finical backing from somewhere else? You can be self-made and still require the investment of others. Like I said, I know Emma and she did not waste their money. She wasn’t living a lavish life style and she paid her own bills, and worked the whole time during this project. Most venues have investors. I can’t think of any major nyc night club off hand that have only one person backing the whole project. For the record, not all of the 2million was everyone else’s money. She put ALL her savings into this place. It’s really hard to run efficiently when investors set a budget and wonder how they ended up with a contractor or two that was less than quality. You get what you pay for and these people are cheap and gave her such budgetary restrictions that it’s amazing she was able to get all this done in the first place. I know these investors too ... terrorists who used Emma to make all these connections (they knew no one) and just as the project was coming to completion they came up with an underhanded plan (threats included) to out her and split up her shares. People do get back what they put in, and these investors fall under the laws of the universe like everyone else.. although I don’t think they will enjoy their returns. Being dirty doesn’t pay...You can learn that lesson from a book, or in a pile of your own vomit…
Posted by loganswift68 on Fri Jul 3, 2009 at 04.50 pm
so steve jobs never took investor money. cmon Fred.
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Posted by Victor Medina-San Andrés on Thu Jul 2, 2009 at 03.27 pm
Greedy Bastard Investors!