J.Mendel in Court Again Over Unpaid Bills

Something appears to be up at J.Mendel.
The label, best known for its formal women’s wear and gowns that often appear on red carpets, is in court again for unpaid expenses, this time over a lease it canceled about a year ago, according to Manhattan court records.
In a standard filing of confession, John Georgiades of Stallion Inc., J.Mendel’s majority investor, admitted Monday to owing real estate firm The Arsenal Co. $1.1 million related to the lease of an entire floor in a Midtown building here, where the brand previously kept its headquarters. Georgiades said J.Mendel left the space last year, after signing a 10-year lease in 2013 for the 27,177-square-foot space. Details of the lease terms were not disclosed, but the asking rent at the time was $40 per square foot, putting rent in the range of $1 million.
J.Mendel agreed to pay an early termination fee when it in 2016 approached Arsenal with plans to leave the space. Arsenal agreed to collect the fee in monthly installments of $100,000, but only received four payments, the last of which came in May of last year, leaving Arsenal to pursue legal action.
While the confession did not include any agreement as to how

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