Spotted: Bulls in 10ak.  Irony in clubland.

It was not too long ago when Richie Akiva was bullish on the prospects of 1oak "changing the face of nightlife" as he so brashly put it in an interview with New York Magazine.  So bullish in fact, that he and his partners Ronnie Madra, Scott Sartiano, and Jeffrey Jah sunk a cool $3 million dollars into the space.  But, with the changing of fortunes on Wall street, will their bottle-fueled venture be hurting as the slow-moving train wreck that is wall street keeps grinding down the tracks?

The collapse leaves only two true Investment Banks left standing

This meltdown may very well be the pin-prick that bursts the club price bubble.  In the past decade, as New York has been injected with funny money, a bottle culture has permeated clubland, driving the price for a single bottle to upwards of $400.  We have often loathed the homogeneous effect of this model and bottle culture. More»