After a century as a Yale icon, Mory’s closed over winter break, citing financial difficulties.
Renovations to Mory’s have been halted until the shuttered club can raise enough money to pay its contractors, the president of the Mory’s Board of Governors, Christopher Getman ’64, said this week.
With a business plan close to completion, but only a small fraction of the necessary funds raised, Mory’s restaurant will aim to reopen its doors this fall, Mory’s Board of Governors President Christopher Getman ’64 said Thursday.
An unfavorable economic climate and declining revenues were not the only factors involved in Mory’s abrupt December closure. High labor costs — especially hefty benefit packages paid to unionized workers — also played a significant role, an aspect of the iconic eating club’s troubles that officials had not previously discussed publicly, a club official said this week.
Mory’s may reopen around the beginning of the fall 2009 semester, Mory’s Board of Governors President Christopher Getman ’64 said Wednesday.
Mory’s will not reopen immediately after winter break and may shut its doors for good, said Christopher Getman ’64, the newly appointed president of Mory’s Board of Governors.
