The restaurant group behind popular restaurants Maison Premiere (298 Bedford Ave.) and Sauvage (905 Lorimer St.) have filed for Chapter 11 bankruptcy protection, Eater NY reports.
Owners Joshua Boissy and Krystof Zizka opened Maison Premiere in 2011 and Sauvage in 2016 and told Eater that both restaurants will stay open for business as usual despite racking up approximately $5.2 million in debt
A spokesperson says that the restaurants filed for bankruptcy to settle a legal matter, though she declined to discuss what that was.
Based on the court filings, Maison’s largest creditors are JPMorgan Chase, Bank of America, and Manhattan law firm Golenbock Eiseman Assor Bell & Peskoe — with the restaurant group owing from $65,000 to $85,000 each. A number of food and alcohol suppliers are also owed thousands of dollars, according to the bankruptcy filing, including Bronx-based Baldor Specialty Foods, San Francisco-based Steve & Mike Shellfish Co., and Canada’s Five Star Shellfish Inc. Wine suppliers such as NYC-based David Bowler Wine and Winebow of Virigina are named as well.
Sauvage similarly owes money to a handful of suppliers, such as Baldor and local bakery Bien Cuit, though most of its outstanding debt is with New Jersey’s Provident Bank, a nearly $2 million bill that the restaurant has disputed, according to court documents.
In a statement sent to Eater, owners Joshua Boissy and Krystof Zizka say they are still receiving product from vendors and continue to “pay them in full, as has always been the case in our many years in business.”
The businesses are possibly using the Chapter 11 protection — a legal tool commonly used by struggling restaurants — to reorganize and restructure debt. Eater has reached out to the lawyer representing the businesses for more information.
It reminds. me of the ole Johnny Maetro doo top hit circa late 1950s, there’s trouble in paradise.
Not only are the mom and pops going under (or chap 11) in that “paradise” area ie trendy greenpoint and Williamsburg so are some of the super expensive places like these two.
Should have just stayed with Madison Premiere.
World class place, maintain it as if it was opening day,
Don’t let it get runner down. Same outside bench, flowers, staff, etc.