We recently noted that the China Club space changed its name to BLDG, without changing anything else in the interior of the club. Looks like that was a ploy to keep the space open while the China Club peeps get their bankruptcy filing in order. Club Planet has news that they have been hard hit by financial troubles since the economic collapse:
China Club’s management has been pretty verbal about their money woes, claiming that job cuts at Lehman Brothers (which accounted for a large chunk of their customer base) was to blame for putting their already-slowing business deeper in the hole. Nightlife Enterprises LP (China Club) listed up to $10 million in assets and liabilities in Bankruptcy Court last Wednesday.
Wow – it’s really true that everyone and their sister blames Lehman Brothers for their financial troubles. Our credit card debt? Damn those selfish bankers.
Comments