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Brennan's on auction block?

s
sanglier Nov 8, 2012 01:47 PM

Did you guys see the story on nola.com today about Brennan's being pulled off the auction block today? Didn't know they were on the cusp of being sold! Anyone have scoop?

  1. g
    Gizmo56 Nov 8, 2012 06:39 PM

    The story has been updated now:

    http://www.nola.com/dining/index.ssf/...

    Details are still rather murky, but there appears to yet be unlimited drama within the Brennan family.

    6 Replies
    1. re: Gizmo56
      h
      hazelhurst Nov 9, 2012 06:15 AM

      I sw that teh writ was for over $4 million. Tulane sold them that building 30 years ago so that should have been LONG paid off. Have they been loading debt to finance that part of the family's expansions? Or borrowing to stay afloat? And if THEY have been doing it, who else is doing it?

      1. re: hazelhurst
        Bill Hunt Nov 12, 2012 06:51 PM

        Well, once we were not big fans, but decades went by, and they managed to win us over. Now, they may be gone? Such is life.

        Guess that we are just not traveling to NOLA, as much as we should. My bad.

        Hunt

        1. re: Bill Hunt
          h
          Hungry Celeste Nov 13, 2012 07:27 AM

          Brennans has almost become a b-school case study in brand erosion.

          1. re: Hungry Celeste
            Bill Hunt Nov 13, 2012 06:18 PM

            I felt that way years ago, but then things changed, either for us, or for them. Over the last 10 years, we've dined with them (brunch) maybe 6 times, and have been impressed, as I have stated on this board. Once, I was NOT a fan, but changed my mind.

            Hunt

            1. re: Hungry Celeste
              z
              zin1953 Nov 14, 2012 07:14 AM

              Just got back from New Orleans on Monday, and they *seemed* reasonably busy when I walked past @ lunch . . . only ate there once myself.

              1. re: zin1953
                j
                JazzyB Nov 17, 2012 07:24 AM

                I find most of the Brennan venues cruising on their (long ago) earned reputations.

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