The owner of the once-dominant H&H Bagel empire, which is on the brink of losing its final property, said he is confident the business will survive despite its financial struggles.
In his first public comments since multiple bankruptcy filings and the loss of both an Upper West Side shop and a New Jersey manufacturing plant, Helmer Toro told The Wall Street Journal he is in preliminary talks with investors. He also said he is actively looking for another Upper West Side location.
"I've been doing this for 40 years and I make the best bagels, according to my customers. And I love what I do," said Mr. Toro, 61 years old, who founded the company in 1972.
Mr. Toro's operation grew from one Upper West Side location—a Sunday morning favorite for a bagel and a schmear—into a web of separate but intertwined companies that have fallen like dominoes over the past year.
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