This cafe is now closing all locations in one unexpected state leaving the local community and customers devasted, sources report.
Boris & Horton, one of the first dog-friendly cafés in New York City, has announced that it will be closing its doors on Monday, February 26.
A father-daughter duo who founded the café, named after their own pooches, said they originally founded their shop because they wanted a place where they could bring their dogs, enjoy coffee, and relax.
However, their unique business venture has come with its own set of challenges and high costs.
“We need a little bit more space to actually allow the dogs to play safely off leash,” co-owner Logan Holzmon told local CBS affiliate WCBS-TV.
“All of our plates and cups need to be disposable for health department guidelines.
We need some additional staff and additional cleaning supplies.”
In addition to serving coffee and “puppucinos,” the café also hosts a variety of events, such as dog bingo, drag shows, and dog-friendly comedy shows.
After six years in business, the owners announced their decision to close both its East Village and Williamsburg locations on Instagram.
“Instead of dwelling on what didn’t work, let’s celebrate the great times we’ve had as New York’s first dog-friendly café,” read the post.
“From dog adoptions to weddings, gotcha days, birthday parties and everything in between, we have been so lucky to share in your big and little moments.”
Pet owners and dog lovers alike who felt a special connection to the small business were devastated by the news.
“Boris & Horton is part of my life. I’m here five times a day,” customer Josh Beckerman told WCBS.
“This is how I get my dog fix. I don’t have a dog and I love dogs, and I love coffee. You guys cannot close.”
“I can feel my blood pressure lower when I’m in here. I live a few buildings down, so this is like an extension of my living room,” customer Greg Masters told the outlet.
For more news and updates like this, opt-in for push notifications.
Also Read: A Famous Restaurant Chain Now Closes 4 Locations in Florida
Other Economy News Today
A cosmetics company now makes painful store closures, affecting nearly 50% of all locations, while simultaneously cutting jobs.
The Body Shop’s administrators have announced a restructuring plan for the retailer’s UK business.
Seven of the retailer’s 198 UK stores will close immediately, and future closures will leave “more than half” the current count operating.
Additionally, the Joint Administrators plan to cut headquarters staff by approximately 40%, aiming for a future headcount of more than 400 full-time employees.
According to a press release, “Stabilizing and strengthening the central core will also support The Body Shop’s international strategy, with Global Head Franchise Partners and wholesale partners in Asia, Middle East and Europe a cornerstone of future success.”
The UK arm of the The Body Shop has entered administration, the British version of bankruptcy protection, according to Reuters and other media reports, but it will continue to operate online and via its 199 UK brick-and-mortar stores for the time being.
Private equity firm Aurelius Group purchased the retailer from Natura &Co in November 2023 for nearly $258 million.
Now, FRP Advisory has been brought in to manage the restructuring process, per Retail Touch Points.
Originally founded in 1976 by Dame Anita Roddick, The Body Shop was known for its ethically sourced natural ingredients and refillable packaging.
Founder Roddick also was a vocal activist for environmental causes, beginning in 1986 with her support for Greenpeace’s Save the Whales campaign.
In 2006 Roddick sold the company to cosmetics giant L’Oréal, which sold it again to Natura &Co in 2017.
Worldwide, the company operates approximately 3,000 stores in 70 countries.
“The Body Shop has faced an extended period of financial challenges under past owners, coinciding with a difficult trading environment for the wider retail sector,” according to a quote from FRP in the Reuters article.
FRP also noted that “the Joint Administrators will now consider all options to find a way forward for the business and will update creditors and employees in due course.”
For more news and updates like this, opt-in for push notifications.
Also Read: Another Popular Restaurant Now Declares An Unexpected Bankruptcy
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.