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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