spinynorman99 wrote:The GP wrote:I frequently did my Thanksgiving shopping at Treasure Island as they carried HoKa turkeys and all the little things that go into the feast. I was looking forward to them opening at Montrose and Clarendon which is closer to my home. Not sure what will go into that location now.
Gene's in Lincoln Square (not that far) sells HoKa before Thanksgiving.
spinynorman99 wrote:The GP wrote:I frequently did my Thanksgiving shopping at Treasure Island as they carried HoKa turkeys and all the little things that go into the feast. I was looking forward to them opening at Montrose and Clarendon which is closer to my home. Not sure what will go into that location now.
Gene's in Lincoln Square (not that far) sells HoKa before Thanksgiving.
The GP wrote:spinynorman99 wrote:The GP wrote:I frequently did my Thanksgiving shopping at Treasure Island as they carried HoKa turkeys and all the little things that go into the feast. I was looking forward to them opening at Montrose and Clarendon which is closer to my home. Not sure what will go into that location now.
Gene's in Lincoln Square (not that far) sells HoKa before Thanksgiving.
Good to know. At TI, I could get everything else and be satisfied with the quality.
stevez wrote:As does Fresh Farms, if that's within your range.
Produce wholesaler sues Treasure Island Foods, alleges $453K in unpaid fruits and veggies
ronnie_suburban wrote:You just have to look all around -- and take note -- to understand why they're closing. There's no single reason for it, or sole mistake, or lone poor decision that, if not made, would have changed the outcome. One left turn in a the middle of a tempest isn't going to save a row boat.
As Bob once sang, the times, they are a-changin'.
=R=
The man at the deli counter told me that Treasure Island was closing. In the space of an hour I experienced nearly all of psychiatrist Elisabeth Kubler-Ross’ stages of grief — denial, anger, the need to bargain (but with whom?) and then depression.
stevez wrote:riddlemay wrote:The article mentions that the "Gold Coast location" has undergone an extensive remodel. Do they mean the one at Clark and Elm? (Which is kind of Gold Coast, I guess, if you extend the commonly understood boundaries.) Or do they mean the one on Wells? (Which is also kind of Gold Coast, I guess, if you extend the commonly understood boundaries.)
I wish articles like this weren't so averse to providing actual locations. Clearly, they're afraid that if they do, they'll break down the barrier between news and promotion, but I think they're worrying excessively.
They probably mean the one in the Gold Coast at 680 LSD. I thought it was pretty clear.
chicagojim wrote:I just remember the "old" Treasure Island from when I moved to Chicago in the early 1980's, and it was indeed then a very special place. Now, it just seems behind the times and overpriced.
spinynorman99 wrote:It's not that simple. The chain has been dying a slow death for years. The things that made TI stand out in the past (25-35 years ago) have become the norm in mainstream supermarkets. Mariano's has probably done more damage than Amazon or Blue Apron.
NFriday wrote:One of the employees at TI told me why the chain had to close. He said that the store was doing ok until somebody new came in a few years ago, and took over the chain. He decided to shift the store away from its European feel, and turn it into another Mariano's.
At the same time, a local Chicago company has assumed control of the troubled grocer’s assets and is searching for buyers.
Treasure Island’s assets have been turned over to High Ridge Partners, a financial-distress management firm in Chicago, according to Christ Kamberos’ lawyer. High Ridge immediately began marketing the properties after taking control Sept. 21, a week before the closures were announced, according to a letter to Crain’s written by Arthur Stamas, a Chicago lawyer who returned a call left for Christ Kamberos.
As Treasure Island closes, accusations of unpaid bills and improper actions fly
A local financial-distress management firm has assumed control of the troubled grocer’s assets and is searching for buyers. Employees describe a chaotic winding-down process.
In the meantime, at least one food supplier has already sued Treasure Island for failing to pay for inventory.
In a lawsuit filed Oct. 1 in federal court in Chicago, produce wholesaler Anthony Marano Co. accuses Treasure Island of failing to pay for more than $453,000 worth of fresh produce since July 1.
The suit names Treasure Island Foods, the Kamberoses and Magazi, a separate entity controlled by Maria Kamberos that operates the Treasure Island in Wilmette. Calls to the wholesaler and its lawyer, Robert Marcus of Maksimovich & Associates in Lyons, were not returned.
sundevilpeg wrote:This is some pretty serious stuff, from the end of the Trib piece:The lawsuit also said there were other unpaid vendors in addition to Marano.
On Thursday, U.S. District Judge Samuel Der-Yeghiayan ordered Joe Caputo & Sons to turn over a full accounting of the company's liabilities and assets to Marano's attorney if the debt isn't paid within seven days.
The judge's order also gave Marano the power to manage the "continued operation and/or liquidation" of Caputo & Sons stores in Des Plaines, Palatine, Algonquin, Northbrook, Arlington Heights and Elk Grove until the debt is paid in full.
So, Marano apparently can take over the remaining Caputo stores in Des Plaines, Palatine, and Algonquin, and run them until the debt is paid off. Whoa.
ekreider wrote:Treasure Island Foods has had a history of drama.
at chicagotribune.com, Greg Trotter wrote:Treasure Island Foods, the longtime Chicago grocery chain that announced it was closing stores by Oct. 12, is now being sued by the United Food and Commercial Workers International Union for allegedly violating a federal law that governs layoff notices.
The lawsuit, filed in federal court in Chicago on Thursday on behalf of the union’s Local 1546, alleges that Treasure Island violated the Worker Adjustment and Retraining Notification Act because all employees will be laid off less than 60 days after they received written notice “on or about” Sept. 26, according to the complaint. Under the law, employers can’t order a “plant closing or mass layoff” until the end of a 60-day period after serving written notice to employees.
NFriday wrote:I thought that TI employees did not belong to the union anymore, and plus even if they gave them 60 days notice, what good would it do if they did not have the money to pay them or keep the store open?
NFriday wrote:I read somewhere that they were done in by Amazon taking over Whole Foods and all of the delivery services and meal services such as Blue Apron.
riddlemay wrote:NFriday wrote:I read somewhere that they were done in by Amazon taking over Whole Foods and all of the delivery services and meal services such as Blue Apron.
Do you remember what it was about Amazon's takeover of WF that put the nail in TI's coffin? It seemed to me TI was doomed by the expansions of WF and Mariano's before Amazon came into the picture. Wherever you read this must have had a good reason for the assertion; I'm just curious to know what that reason was.