NEW YORK — The sudden collapse of Bear Stearns should have no immediate effect on retailer Balducci’s, which is owned by a private equity fund affiliated with the beleaguered investment bank. “It’s business as usual,” said Melissa Daly, a spokeswoman for Bear Stears Merchant Bank, which purchased Balducci’s four years ago. Daly said BSMB operates independently of Bear Stearns, although the bank, scooped up in a fire sale this week by JPMorgan, was one of the limited partners in the fund. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.