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Business

Business

Thursday, October 29, 2009

Celebrating an Opening

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Agabhumi, a retail store that specializes in jewelry and accessories crafted by Bali, Indonesia artisans, celebrated its opening tonight at 165 Post Road East opposite the Westport Post Office. Checking out some of the merchandise were (l-r) JIll Stern, store manager; Mary Young, an employee in Westport’s Planning and Zoning Department, and Regina Kirshbaum, co-owner. (CLICK TO ENLARGE) Dru Nadler for WestportNow.com

Posted 12:54 AM
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Wednesday, October 28, 2009

Comings and Goings: Ben & Jerry’s Closes

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Ben & Jerry’s ice cream store at 14 Post Road East, Westport, has closed its doors. A note on the door said: “This store’s franchise agreement has ended with Ben & Jerry’s. Thus the store has now closed. Thank you for your business.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 03:48 PM
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Sunday, October 25, 2009

Comings and Goings: Agabhumi Opens on Post Road East

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Agabhumi, a retail store that specializes in jewelry and accessories crafted by Bali, Indonesia artisans, has opened at 165 Post Road East, across from the Westport main post office. Founded in 2002 with its first store in Stamford, its owners Regina and Michael Kirshbaum also opened stores in Barbados in 2004 and Santa Monica in 2008. A grand opening reception with live music, wine and hors d’oeuvres is scheduled for Wednesday starting at 5:30 p.m. A portion of the grand opening revenues will be donated to the Stamford-based Bennett Cancer Research Center for breast cancer research. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:55 PM
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Thursday, October 15, 2009

Bruce Wasserstein’s Westport Connection

When he died suddenly on Wednesday at the age of 61, Bruce Wasserstein was best known for being the legendary Wall Street dealmaker. But according to Westport First Selectman Gordon F. Joseloff, his secret passion was journalism.WestportNow.com Image
Bruce Wasserstein (l) and Gordon F. Joseloff: high school journalists. (CLICK TO ENLARGE) Contributed photo

“He had the bug early on,” said Joseloff, who went to high school with Wasserstein in the 1960s at the private McBurney School on Manhattan’s West Side.

“Bruce was an assistant editor at The McBurneian, our high school newspaper,” said Joseloff, who was the newspaper’s editor in chief. “He clearly became intrigued with newspapers and journalism at an early age.”

Joseloff, who grew up in Westport but moved to New York when his parents divorced in the sixth grade—while spending summers in Westport with his father—said he did not have much contact with Wasserstein after high school. Except for one time.

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Posted 11:49 AM
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Wednesday, October 14, 2009

Comings and Goings: Room Latest Sconset Square Addition

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Room, a custom furniture and design store, has opened at 10 Sconset Square, off Westport’s Myrtle Avenue. Owners Amy Crain and Shawn Miller have operated their flagship shop at 182 Duane St. in Manhattan’s Tribeca section for 11 years. The couple, along with their 5-year-old son, found a home in Wilton and chose Westport for their business because, Miller said, they “liked the casual vibe of Westport.” Pictured is Alexis Presley, a 2004 Staples High School graduate, who manages the Westport Room. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 09:27 PM
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Westport Man Pleads Guilty to Conspiracy Charge

A Westport man who is a former president and chief financial officer of Greenwich-based United Rentals Inc. pleaded guilty today to conspiring to falsify the company’s records, the U.S. Attorney’s Office said.WestportNow.com Image
John N. Milne: Westporter also agrees to disgorge $6.25 million. File photo

John N. Milne, 50, a Canadian citizen living on Maple Avenue South, entered the plea before Senior U.S. District Judge Ellen Bree Burns in New Haven a day before he was scheduled to go on trial.

He faces a recommended sentence of 27 months in prison when he is sentenced Feb. 11, prosecutors said. He remains free on $1 million bond.

To resolve a separate civil action involving financial fraud charges brought by the U.S. Securities and Exchange Commission, Milne has agreed to disgorge $6.25 million, the commission said.

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Posted 12:31 AM
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Tuesday, October 13, 2009

Picture Perfect

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The fresh produce section is picture perfect ready for Wednesday’s opening of The Fresh Market on Westport’s Post Road East.  The Westport store, the first in Connecticut for the Greensboro, N.C- based chain, will be its 92nd and in its 18th state. (CLICK TO ENLARGE) Barrett Kowalsky for WestportNow.com

Posted 08:18 PM
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Fresh Market Set to Open Wednesday

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The long-awaited opening of The Fresh Market at 605 Post Road East in the space formerly occupied by Shaw’s Supermarket is set for Wednesday morning. Grand opening activities will include chef demonstrations, food sampling stations, and a free sample bag of the company’s house blend gourmet coffee to the first 1,000 customers. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 08:08 PM
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At the Ready

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Danny Watkins (l), district manager and Michael Black, store manager, discuss final details today prior to Wednesday’s 9 a.m. opening of The Fresh Market on Westport’s Post Road East. Black relocated to a Westport residence from Toledo, Ohio where he was the Fresh Market store manager. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 08:05 PM
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Monday, October 12, 2009

Comings and Goings: Body Quest and Princess Jewelers

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Body Quest, a personal fitness salon for women and men opened in August at 580 Post Road East.  Meanwhile, its next door neighbor, Princess Jewelry at 578 Post Road East, a shop that buys and sells antique and estate jewelry announced it is closing. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 08:07 PM
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Friday, October 09, 2009

Citibank Bank Unloads Westport Unit and $100 Milllion Man

Citibank has sold its Phibro energy-trading firm based at Westport’s Nyala Farm office complex after getting heat over a deal to pay the owner a $100 million bonus following the federal bailout controversy.WestportNow.com Image
The Nyala Farm office complex on Greens Farms Road houses Phibro LLC. File photo

Occidental Petroleum Corp. an oil and gas exploration and production company, is the buyer and said it was making a $250 million net investment.

Andrew Hall, a Southport resident and Phibro CEO, is the man at the center of the controversial bonus that got the attention of the federal pay overseers. (See WestportNow Aug. 3, 2009)

Hall and employees will remain with the company after closing, which is expected to happen by the end of the year.

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Posted 08:43 PM
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Wednesday, September 30, 2009

Comings and Goings: Fresh Market to Open Oct. 14

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The Fresh Market opens its first store in Connecticut on Oct. 14 at 605 Post Road East in the space formerly occupied by Shaw’s. According to an official at the company’s Greensboro, N.C. headquarters, the Westport store will be its 92nd and in its 18th state. Workers today were putting the final touches on the renovation. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 11:02 PM
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Tuesday, September 29, 2009

Compo Beach Resident’s Return Makes Headlines

His Compo Beach area neighbors have known about it for some time, but the move back into the Westport neighborhood by former American International Group (A.I.G.) executive Joseph Cassano made headlines today.WestportNow.com Image
Joseph Cassano: back home. File photo

Cassano, who was closely associated with A.I.G.’s collapse, “recently slipped back into the United States” where he faces investigations by the FBI and other agencies, Reuters reported.

The news agency, in a lengthy report on Cassano’s move, did not say when the son of a Brooklyn, N.Y. police officer returned to Westport, where he has been a registered voter since 1995. But neighbors told WestportNow late last month they noticed his return when they saw a moving van outside his home.

WestportNow, respecting his privacy, did not report his return. Cassano until recently had been living in London where he had run A.I.G. Financial Products.

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Posted 02:56 AM
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Comings and Goings: Rizzuto’s Open for Business

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Rizzuto’s Wood-Fired Trattoria and Bar, at 540 Riverside Ave. in the space formerly occupied by Conte’s Restaurant in Westport’s Saugatuck area, opened for business on Sunday night.  The owner, Bill Rizzuto, who also operates similar style eateries in Bethel and West Hartford, said, “We opened the doors and they started coming in.” He said the restaurant staff includes about 45, including a baking staff which comes in at 5 a.m. They bake sourdough bread using wild yeast which Rizzuto has dubbed “Saugatuck Sourdough.”  He said the restaurant will be open for dinner only until mid-October and then service will expand to lunch, dinner and “a special late night menu including a raw bar, wood-fired pizza, antipasto and more.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 12:12 AM
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Thursday, September 24, 2009

Westport’s Velocity Express Files for Bankruptcy

Westport-based Velocity Express Corp., a national provider of ground package-delivery services, today filed for bankruptcy protection from creditors, Bloomberg News reported.

The company listed assets of $94.1 million and debt of $120.6 million as of Sept. 1 in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Del., the report said.

Twelve affiliates including CD&L, Click Messenger Service, Silver Star Express, Olympic Courier Systems and Securities Courier System are also seeking protection, according to Bloomberg.

The national provider of regional shipping solutions has its corporate headquarters at 1 Morningside Drive North.

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Posted 05:43 PM
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