PhillyTablet Inquirer Daily News
philly.com
email
font size
comments
0
options
 
Tuesday, April 29, 2008

  The Becattini family's TowerStar Corp. has sold its Bagel Factory restaurants in Berwyn, Wayne, Bryn Mawr, Springfield and Center City to Sun Capital Partners Inc.'s Vermont-based bagel chain, Bruegger's, for an undisclosed price. 
  Fernando Becattini Jr. said his father, a University of Alabama research scientist turned medical equipment dealer, invested with a partner in the first restaurant, in Berwyn, 19 years ago, but the deal quickly went sour and he became a proprietor to protect his investment. 
  The Bryn Mawr store became a Villanova student hangout; the Berwyn store is a landmark in a town known more for its wealthy population than its modest retail district.
  Sun Capital also owns Boston Market Inc. and Friendly's Ice Cream. Beccattini said the local stores will keep their name. TowerStar will concentrate on its hotel properties, including local Marriott Courtyards and Residence Inns.
  
  

Posted by Joseph N. DiStefano @ 11:38 AM  Permalink | Post a comment
Comments   


0 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com