financial woes

Cipriani May Have to Sell More Than Just $20 Bellinis to Pay Off Debt

Cipriani May Have to Sell More Than Just $20 Bellinis to Pay Off Debt

Photo: Patrick McMullan

Are the walls closing in on the Cipriani family? They apparently still haven’t paid the $10 million they owe to the tax man, and Capital One is threatening to force the empire to sell its assets in order to pay $4 million owed to the bank. The Post says they may have to auction off everything from the silverware to licensing rights to the Cipriani name, but a spokesman assures daily operations won’t be affected and says, “It’s incredibly disappointing that Capital One has opted for guerrilla tactics like this instead of continuing the previously good-faith negotiations.” All this and they’re still window-shopping for Tavern on the Green?

Serving Up Cipriani a la Carte [NYP]

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