John Chachas, the owner of luxury department store Gump’s SF, wrote an open letter to Gov, Newsom, Mayor London Breed, and the city’s Board of Supervisors, pleading for them to act on what he descr…
By Samantha Delouya and Alexandra Coenjaerts | CNNJohn Chachas, the owner of luxury department store Gump’s San Francisco, wrote an open letter to Governor Newsom, Mayor London Breed, and the city’s Board of Supervisors, pleading for them to act on what he describes as the city’s worsening downtown conditions.
Gump’s, which sells luxury furnishings and jewelry, was acquired by Chachas after the retailer filed Chapter 11 bankruptcy in 2018. The high-end retailer, founded in San Francisco in 1861 and born out of the famed California gold rush, has only one physical location, which is one block from the city’s Union Square.
Chachas, who ran for a US senate seat in Nevada as a Republican in 2010, argued that current conditions make San Francisco “unlivable for its residents, unsafe for our employees, and unwelcoming to visitors from around the world.” Well-known chain stores like Whole Foods, Anthropologie, Office Depot, and CB2 have also ceased operations in the city’s downtown since the start of the pandemic. In total, more than 39 retail stores have shuttered inarea since 2020, according to a tally from Coresight, a market research firm.
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