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Dean & DeLuca Closes Its Flagship Store, at Least for Now

Dean & DeLuca has closed its flagship store in SoHo, after months of financial turmoil in which it shuttered all its other New York City stores. Two notices on its locked and grated front doors Monday announced the store’s “temporary closing,” and said it “will reopen soon.” Asked to elaborate, …

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Dean & DeLuca Sinks Further Into Debt

Dean & DeLuca, the debt-ridden global chain of luxury food shops, has defaulted on federally mandated payments to former employees and stalled payments to current employees in the United States, according to accounts from employees and documents received by The New York Times. The parent company, Pace Development in Bangkok, …

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