NEW OWNERS TO INVEST IN SUTTON PLACE

BETHESDA, Md. -- Sutton Place Gourmet here said it was acquired late last month by Mark Ordan, founder of the Fresh Fields natural-foods chain, in association with Bear Stearns Merchant Banking, the private equity arm of Bear Stearns Co., New York.The terms of the transaction have not been disclosed, according to a Sutton Place spokesman, but he added that Bear Stearns agreed to invest up to $50 million

BETHESDA, Md. -- Sutton Place Gourmet here said it was acquired late last month by Mark Ordan, founder of the Fresh Fields natural-foods chain, in association with Bear Stearns Merchant Banking, the private equity arm of Bear Stearns Co., New York.

The terms of the transaction have not been disclosed, according to a Sutton Place spokesman, but he added that Bear Stearns agreed to invest up to $50 million in the company.

Ordan has been named Sutton Place's chief executive offic

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