Nutrition Business Journal

Bear Stearns Converts Sutton Place, Hay Day Chains To Balduccis

New York’s famed Italian specialty foods market, Balducci’s, will soon have 11 stores in Connecticut, New York and Washington D.C. “By fall we will have a full chain of Balducci’s,” said consultant Carrie Forti, adding that Balducci’s new owners definitely plan expansion to additional locations.

In November 2003, Bear Stearns Merchant Bank and a management team led by Mark Ordan acquired Sutton Place Group, which owned Balducci’s, Su

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