From board room to battle zone
March 7th, 2017
The battle brewing between Chicago businessmen Marcus Lemonis and Phil Tadros is getting ugly with each impugning the other’s character.
Theirs is just the latest business feud to play out in the public eye, and it’s a doozy.
Lemonis heads Camping World Holdings and stars in CNBC’s “The Profit.” Tadros founded Bow Truss Coffee Roasters.
Three months ago, Lemonis planned to buy Tadros’s company. The partnership fizzled within weeks, though, when Lemonis pulled back from the deal. Tadros sued, calling Lemonis move calculated to put the company at “a rock bottom bargain basement give-way price.” Lemonis counter-sued, saying Tadros wasn’t forthright about Bow Truss’s financial straits.
“I’m not going to let him bully or connive people anymore,” Lemonis tells me.
Tadros counters with a “who’s calling who a bully?” He points to a letter of intent, saying Lemons “lied” about not knowing the company’s financial troubles. “If he was a stand-up guy, he would have spent $1 million to help our company instead of using the press to threaten spending that much on legal in defending our case against him.”
Nothing Midwestern Nice about that.
Read more about other rivalries that went public in my Taking Names column in the Sun-Times.