Thursday, February 3, 2011

The Stew: Army & Lou's 'on hold,' its future dubious

I had intended to post this earlier but there was the blizzard and then there were addition comments in JP's post about Army & Lou's that was published this past weekend. This post links to the Tribune blog, The Stew , took a look at the news that JP posted here over the weekend regarding Army & Lou's located @ 422 E. 75th St closing at least for the time being:
The growth of restaurants in Hyde Park, Bronzeville and the South Loop has not been good news for restaurants located farther south such as Army and Lou's. The current owners (there have been several in Army & Lou's 65-year history) reportedly are hoping to attract new investors, perhaps an outright buyer, to keep the South Side institution alive.

Let's hope for good news. A permanently closed Army & Lou's would be a terrible loss.
BTW, the owner managing partner of Army & Lou's, Harry Fleming, responded to Worlee's comment made in JP's post:
Hi, my name is Harry Fleming and I am the managing partner for Army & Lou's. There seems to be a misconception that I would like to clear up. We have no connection with Pearl's Place. The previous owenr, Ms. Reynolds managed Pearl's Place back in the 90's for a few years. Again, we have no connection at all with Pearl's Place.

Thank you for your time. 
Pearl's Place is located at 3901 South Michigan Avenue

Also Mr. Fleming had an additional comment:
Our issue is not the general operations of the business but mainly economics. I love Gordon Ramsey and in the past he has approched Ms. Reynolds to do his show, but she declined. I'm of the same mind set because I've seen his show and it wouldn't at the end of the day be the "best" move for us.

We have an excellent business plan that several banks and the SBA have looked at and like very much. The issue seems to be leading money in the restaurant industry. Banks are extremely hesitant to put investment dollars into the industry. At least that what the banks tell me. We are currently searching for privet investors and partnerships with different universities like KKC, CSU, and Depaul. 

If you have any information or can point me in a particular direction please feel free to contact me at armyandlous (at) yahoo.com
Let's hope that Mr. Fleming and his other partners are able to re-open this restaurant so that I can pay that establishment a visit. Let it be soon!

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