Marvin R. Shanken interviews the man behind Hoyo de Monterrey and Punch.
Marvin R. Shanken
From the Print Edition:
Linda Evangelista, Autumn 95
(continued from page 13)
Blumenthal: It has nothing to do with Villazon. But I'm a major shareholder.
C.A.: And how many Tinder Boxes are there in the United States?
Blumenthal: 108 locations.
C.A.: Are the stores franchises?
Blumenthal: All the stores are franchised.
C.A.: What made you get into that business, and do you see that as a growth part of your business?
Blumenthal: I bought Tinder Box along with three other investors who, incidentally, sold out their shares to Fred Adler of Adler & Finck. It's run by my nephew Gary Blumenthal, who is the president and CEO. We had a lot of problems with Tinder Box. We went into Chapter 11. We've been out of Chapter 11 for almost two years. We're now expanding again. We're opening up five new stores in the next couple of months. We also have coffee stands that we're opening up. We're opening up coffee stands in the Philadelphia airport. We're starting to rebuild the company.
C.A.: Since you were in the retail business in the early part of your career, and over the last 40 years, having seen nothing but a decline in the number of stores, what's your reaction to seeing new stores opening up?
Blumenthal: Thirty or 40 years ago, there were new stores opening up somewhere all the time. There were thousands of outlets of tobacco in New York City alone--not cigar stores, but that sold tobacco. There were thousands of cigar stores. Today, there's nothing.
C.A.: What advice would you give to someone wanting to open a new store?
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