Hartford Business Journal

www.HartfordBusiness.com January 12, 2015 • Hartford Business Journal 7 what'S ahead: ■ 1/19 Focus: technology ■ The List: largest Ct m&a deals ■ Nonprofit Profile: hartford Community loan fund Calendar Wednesday, Jan. 21 Global Economic Outlook 2015 The World Affairs Council of Connecticut will host a discussion on the global economic outlook for 2015 on Wednesday, Jan. 21. The event, which runs from 11:45 a.m. to 1:30 p.m. at the The Hartford Club, 46 Prospect St., will feature Edward Guay, the principal at Wintonbury Risk Management in Bloomfield. Guay is a political, economic, investment, and business risk consultant, who served previously as Bloomfield insurer Cigna's chief economist. Guay, who is a global macro strategist, retired from Cigna in 1998, and organized Wintonbury Risk Management the same year. Cost to attend is $25 for members; $35 for nonmembers. For more information or to register contact: 860.241.6118 or info@ ctwac.org. F O r a c O m P l e T e l i s T O F G r e a T e r H a r T F O r d B u s i n e s s e v e n T s , G O T O w w w . H a r T F O r d B u s i n e s s . c O m a n d c l i c k O n ' T H e a G e n d a . ' a l l c a l e n d a r i T e m s m u s T B e s u B m i T T e d e l e c T r O n i c a l l y v i a O u r w e B s i T e , H a r T F O r d B u s i n e s s . c O m . eConomy & laBor CT Friendly's operator files for bankruptcy A New York-based group that used to operate four Friendly's restaurants in Connecticut has filed for Chapter 11 bankruptcy reorganization. J&B Restaurant Partners of Long Island II LLC said it aims to close some of its unprofitable locations and remodel 11 others. The company manages and owns restaurants in New York, New Jersey and Connecticut, but did not identify the locations that might close. In 2011, J&B Restaurant Partners owned and operated Friendly's dining locations on North Main Street in Bridgeport, Boston Post Road in Darien, Newtown Road in Danbury, and Post Road in Southport. Prior to its bankruptcy filing, J&B ceased operating three of those locations, the latest being in Bridgeport. The only restaurant it still operates in Connecticut is the Dan- bury location, said Ryan Levasseur, spokesman for Friendly's cor- porate office. J&B said it hopes to exit bankruptcy within six months. During the process, GE Capital is providing debtor-in-possession financing to keep the restaurants open for business, J&B said. BankinG & finanCe SBT combing RI for home loans Simsbury Bank & Trust Co. has opened a mortgage-loan pro- duction office in Rhode Island – its first such satellite office out- side Connecticut, authorities say. The Connecticut Department of Banking in mid-December granted SBT's application to open the first-floor office at 51 Jefferson Blvd. in Warwick, R.I., said SBT Chief Financial Officer Richard Sudol. The four-person office includes a sales manager, a pair of mortgage originators and a support staffer, Sudol said. The office combs for so-called "conforming loans'' whose sums and under- writing criteria make them suitable for resale to Fannie Mae and Freddie Mae. real eState Tanger takes $750K charge for exiting Cheshire development Tanger Factory Outlet Centers said it will record a $750,000 fourth-quarter charge related to its backing out of a Cheshire re- tail development. Tanger said it severed its agreement with W/S Development As- sociates to be a part of a 480,000-square-foot retail development located near I-691. The company gave no reason for the move. Tanger's outlets at Foxwoods are set to open later this year. W/S owns seven Connecticut retail centers, including the Shop- pes at Farmington Valley. Edward Guay Nominations close: February 10, 2015 Issue Date: April 6, 2015 Event Date: May 14, 2015 We are looking for eight REMARKABLE BUSINESS WOMEN in Greater Hartford! V I E W P A S T W I N N E R S A N D F I L L O U T N O M I N A T I O N F O R M O N L I N E A T WWW.hARTFORDbUSINESS.cOM AND cLIck ON "OUR EVENTS" Contact AMY ORSINI at 860-236-9998 x134 or email aorsini@HartfordBusiness.com with questions 2015 NOMINATIONS NOW OPEN This Spring, the Hartford Business Journal will recognize the achievements of 8 remarkable women who are making their mark in Greater Hartford. These women are senior-level executives, CEOs and/or entrepreneurs who have mastered their business. These women are remarkable, noteworthy women who are admired in the business community. The celebration will include a special issue and luncheon to honor the 8 Remarkable Women. Winners will be announced in a special issue of the Hartford Business Journal on April 6, 2015. Publishing This April In Print and Online as a Digital Edition! Presented by: Event Sponsors: Event Partners: In Print. Online. In Person. www.HartfordBusiness.com Delivering Business. take a moment to nominate a remarkable woman you know! J&B Restaurant Partners has ceased operating Friendly's in Bridgeport, Darien, and Southport. P H O T O | F l i c k r u s e r m i k e m O z a r T

• Cover