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Thursday, December 18, 2014

Business

Business

Saturday, April 18, 2009

Making Westport Cupcake History

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Brian Harris, 9, of Westport was the first customer through the door today as Crumbs Bake Shop had its official grand opening at 8 a.m. Brian and his Dad, Doug (partially hidden by door), were among the first 1,000 customers who got a free cupcake. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 01:18 PM
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Sweets for the Sweet

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Isabelle Katz, 5 1/2, of Westport enjoyed a free strawberry cupcake at the Crumbs Bake Shop grand opening today before heading off to soccer practice with her Mom, Stephanie. (CLICK TO ENLARGE) WestportNow.com photo

Posted 01:16 PM
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Happy Crowd

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Dozens of Westporters were up early today to take advantage of the free cupcake giveway as Crumbs Bake Shop marked its official opening on Taylor Place. Some families were en route to soccer games and one woman said she was en route to the gym. “I need to work it off very quickly,” she said. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 01:14 PM
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Cupcake Giveaway Packs Them In

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Maybe it was the good weather or more likely a $3.75 cupcake for free, but whatever the draw, there was a large crowd on hand today as Crumbs Bake Shop opened on Westport’s Taylor Place. (CLICK TO ENLARGE) WestportNow.com photo

Posted 01:12 PM
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Sweet Boost for Westport Economy

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Today was the official grand opening of Crumbs Bake Shop and while the free cupcake giveaway drew a large crowd, an assistant manager said business has been “great” since the store opened for business Monday afternoon. (CLICK TO ENLARGE) WestportNow.com photo

Posted 01:10 PM
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Cupcake Politics

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Westport First Selectman Gordon F. Joseloff was on hand today to check out the crowds at the Crumbs Bake Shop opening and sample customers’ opinions. (CLICK TO ENLARGE) Joyce Mueller for WestportNow.com

Posted 01:05 PM
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Obama Names Westporter to Oversee Rescue Fund

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Herbert M. Allison Jr.: answers White House call. File photo
President Barack Obama today nominated Westporter Herbert M. Allison Jr. to oversee the Treasury Department’s Troubled Asset Relief Program.

If confirmed by the Senate, the Greens Farms resident would oversee the $700 billion financial rescue fund aimed at restoring rattled markets.

Allison, 65,  has been chief executive of Fannie Mae since it was seized by the government in September. He would succeed Neel T. Kashkari and become Treasury assistant secretary for financial stability.

In that role, Allison will be charged with overseeing several federal programs meant to improve the availability of credit, aid major automakers and bolster the housing market.

More "Obama Names Westporter to Oversee Rescue Fund"

Posted 02:12 AM
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Friday, April 17, 2009

Westport Losing Pequot Capital Mangement to Wilton

Westport is losing hedge fund Pequot Capital Management to Wilton.

The $4 billion hedge fund currently at the Nyala Farm office complex has signed a long-term lease on new headquarters at 187 Danbury Road. The building formerly housed Bank of America and Dun and Bradstreet.

“The location, coupled with the existing infrastructure of the building and the high caliber of the space made 187 Danbury Road a perfect fit,” Pequot’s Susan Hotchkiss said. Pequot will occupy 27,000 square feet of the 136,000-square-foot building.

Davis Marcus Partners, the real estate firm that owns 187 Danbury Road, also announced that wealth management firm Granite Group Advisors has leased 2,200 square feet. Other companies with offices at Pequot’s new home are Wilton Reinsurance, Private Client Resources and skin-care group Beiersdorf.

Posted 06:23 PM
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Thursday, April 16, 2009

Business Gurus Discuss “Hugging Culture”

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The “Hugging Culture” was the subject of a business breakfast today at Stew Leonard’s in Norwalk featuring business gurus Stew Leonard Jr. of Westport and Jack Mitchell, CEO of the Westport-based Mitchells/Richards family clothing business. Both men said good customer service was paramount to business success. About 150 people heard the businessmen speak about “creating a culture of enthusiastic, empowered employees who deliver unsurpassed customer service in a fun atmosphere.”  Each attendee received two best-selling Jack Mitchell books, “Hug your Customers,” and “Hug Your People.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 03:55 PM
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Goody Thank You

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Thriving despite a downtrend national retail environment, Rachel Florio (l.), owner The Goody Shop, one of Westport’s recent store openings (see WestportNow March 17, 2009), hosted a thank you reception tonight for its growing customer base. The event was co-sponsored by Fairfield County Home magazine and catered by Jordan Caterers Design of Darien. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 03:04 AM
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Balducci’s Sold

UPDATE Westport’s gourmet specialty food retailer Balducci’s has been sold to a New York investor group led by the chairman of Kings Super Markets, it was announced today.WestportNow.com Image
Balducci’s on Westport’s Post Road East is under new management. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

The group led by New York investor Jim Demme acquired the Westport store as well as Balducci’s stores located in Greenwich, Alexandria, Va., Bethesda, Md., McLean, Va., and Scarsdale, N.Y., the announcement said.

Balducci’s stores in Ridgefield, Washington, D.C., and New York City will be closed. Terms of the transaction were not disclosed.

“Mr. Demme has a breadth of experience in food retail at the CEO and chairman level and serves as a senior advisor to New York-based investment firm Angelo, Gordon & Co.,” the announcement said.

More "Balducci’s Sold"

Posted 12:03 AM
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Wednesday, April 15, 2009

Comings and Goings: Relaxation Therapy on Main Street

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Defying the economic slowdown, entrepreneurial brothers Sean (r) and Tom Morton are launching a new business, IFloat at 163 Main St. above Oscar’s Deli. The effort is dedicated to “relaxation therapy,” which according to Sean Morton, is a treatment based on a technique called Restricted Environmental Stimulation Therapy - REST,” a concept developed in the 1950s. REST therapy involves floating on a bath filled with 10 inches of water that is supersaturated with salts. “The person floats like a cork, totally buoyant,” he said. Former Westporters, Sean graduated from Staples in 1983 and Tom in 1985. Currently under construction, the business will open next month. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 09:00 AM
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Tuesday, April 14, 2009

Crumbs Bake Shop Open for Business

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If you can’t wait until Saturday’s grand opening, Crumbs Bake Shop on Taylor Place is open for business. On Saturday, the store will give away one cupcake free to the first 1,000 customers. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 07:39 PM
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Cupcake Heaven

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Crumbs Bake Shop has opened its doors on Westport’s Taylor Place opposite the Westport Public Library in advance of its official grand opening at 8 a.m. Saturday. Taking advantage of the goodies today were the Naples family of Westport: (l-r) Hadley, 3, Garrett, 5, and mom, Tracey. Saturday’s official opening will include a one cupcake giveaway to the first 1,000 customers. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Posted 07:30 PM
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Paper or Plastic? Stew Leonard, Jr. Says Neither—Go Reusable

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Westporter Stew Leonard, Jr. told the Westport Rotary Club today that the public has enthusiastically adopted reusable bags at his company’s food stores and showed off several designs. He said the reusable bags were preferable to both plastic and paper in helping protect the environment. The only thing missing, he said, is a reminder on the bag for the owner to not forget them in their car. As for the economy’s effect on sales, he said shoppers are coming into his stores more frequently but are buying less per trip and seeking smaller packaged portions. He said clearly customers are eating out less and cooking more at home. He said he has also noticed an uptick in sale of fruit trees and vegetable plants. Leonard spoke at the group’s weekly meeting at the Inn at Longshore. Dave Matlow for WestportNow.com

Posted 06:38 PM
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