Monday, May 4, 2009

The Neighborhoods Do Change, You Know


Well, there it is on Prince Street, the site of the Vesuvio Bakery, with signs on the window telling us that they have finally closed. Was it the rent? Did one of the principals die, or move away? Is this another example of the family business for which no more family was available to carry on?

Last night, some of you may recall, there was a segment on 60 Minutes about the oldest family run company in the world: Antinori Winery in Italy. Since 1385, the same family. But, however, there was a moment there when the paterfamilias felt that, since he had no male heirs, the future of the company was in doubt. He sold part of the company - 40%, I believe - to Whitbread, the British brewer. That wasn't a good thing, and it didn't work out.

He did have three daughters, and, surprise surprise! They love the winery, and loved being farmers (and they take helicopters to their vines!), so he bought the Whitbread share back.

Well, it seems Vesuvio's wasn't able to do that ... what if they had asked Sr Antonori? The latest news I could find was in the New York Times, but maybe you know something more?

My lesson for everyone: talk to people! Ask questions!

1 comment:

  1. I'm originally from Stoneham, MA & so so so much miss Hank's Bakery!!! It closed a long time ago and they made these yummy things called 'finnigans.' not sure on the spelling there, but does anyone make 'finnigans' in NYC?????

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