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Posted on 01/10/2026 1:31:25 PM PST by nickcarraway
They were bound by trust, loyalty and dough — until a betrayal blew a bagel hole in their $50 million a year business.
A Queens-based empire that peddles 100 million bagels a year is being torn asunder by a succession fight between the children of founders George Menegatos and Nicholas Evangelinos.
The bond between the families behind New Yorker Wholesale Bagels — once thicker than cream cheese — is now toast after Nicholas’ son Stefanos allegedly cut George’s kids out of the business, denying them their father’s company shares after his death, they said in a $25 million Brooklyn Federal Court lawsuit.
(Excerpt) Read more at nypost.com ...
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It would appear that the bagels are still ok.................
The partnership agreement governs how a partner's interest is passed down. You can't just arbitrarily cut out a legitimate heir from a business. You can offer to buy the other party's interest if you want to.
AI didn't want to leave any doubt as to when the 2016 agreement was entered into, did it?
My bagel 🥯 had gum in it 🤢🤢🤢🤮
“NYC Bagel Dynasty With $50M Sales Schmeared by Biz Partner Betrayal: Lawsuit”
Schmeared with cream cheese.
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