Ex-Philly Retail Exec Says Partner Reneged On $7M Exit Deal

Law360 (October 1, 2018, 7:54 PM EDT) -- A former co-owner of the landmark Philadelphia luxury retailer Boyds is accusing his brother-in-law and former business partner of reneging on a $7 million contract governing his retirement from the company following a fight outside a popular cheesesteak stand.

After Jeffrey Glass bowed to pressure from his brother-in-law Kent Gushner to step down last July after 38 years in order to allow Gushner's 28-year-old son to take over as the "public face" of Boyds, Glass alleged in a lawsuit on Friday that Gushner walked away from a deal to purchase Glass' ownership stake.

The impetus for Gushner's refusal to honor the...

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