Bankrupt. If there's one food that should never, ever receive a virtuous, health-minded makeover, it's the all-American doughnut. Holey Donuts — an online company that opened its first brick-and-mortar store in the West Village in 2014 — did just that, offering low-fat, low-calorie doughnuts with no cholesterol. (How tempting!) Shockingly, the business plan has totally failed: The shop has now closed, CEO Frank Dilullo says that he's bankrupt, and the landlord is suing Dilullo, who had the c...
Bankrupt. If there's one food that should never, ever receive a virtuous, health-minded makeover, it's the all-American doughnut. Holey Donuts — an online company that opened its first brick-and-mortar store in the West Village in 2014 — did just that, offering low-fat, low-calorie doughnuts with no cholesterol. (How tempting!) Shockingly, the business plan has totally failed: The shop has now closed, CEO Frank Dilullo says that he's bankrupt, and the landlord is suing Dilullo, who had the c...
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