Bear Stearns Fall Could Hit Balducci's

The surprise Bear Sterns fire sale should have no immediate impact on the Balducci's fine foods chain, which is owned by an affiliate of the collapsing investment bank, officials told SN last week. Long-term effects, however, were considerably more uncertain. Balducci's, which operates 10 gourmet stores on the East Coast, was purchased a little more than four years ago by Bear Stearns Merchant

NEW YORK — The surprise Bear Sterns fire sale should have no immediate impact on the Balducci's fine foods chain, which is owned by an affiliate of the collapsing investment bank, officials told SN last week. Long-term effects, however, were considerably more uncertain.

Balducci's, which operates 10 gourmet stores on the East Coast, was purchased a little more than four years ago by Bear Stearns Merchant Banking, a private equity buyout fund. BSMB operates independently

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