Tres Bon owner seeking buyer for bakeries

February 05, 1993

The owner of Tres Bon is hoping to find a buyer for the French-style bakery/deli, which closed its five Baltimore area outlets suddenly on Wednesday, according to David S. Mesinger, a financial consultant working with the retailer.

Mr. Mesinger is with the Recovery Group, a Boston-based company that specializes in assisting troubled companies by restructuring them. He said there are a number of viable buyers for the bakery chain that has outlets in Towson, Timonium and downtown Baltimore. "We should know something within a week."

Mr. Mesinger said Tres Bon was started and is owned by Massachusetts-based Shirm Associates.

Tres Bon operated downtown stores at 100 S. Charles St.; 10 N. Calvert St.; and Redwood and Charles streets, and suburban stores on Allegheny Avenue in Towson and Deereco Road in Timonium.

In addition, it operated a 65,000-square-foot commissary on Deereco Road where it produced the baked goods and operated a wholesale outlet.

Mr. Mesinger said Tres Bon opened its first store in Towson in 1988 and opened the others on the average of one per year.

Tres Bon's "sales were growing," he said, but were not adequate to support its high overhead.

Mr. Mesinger said that filing for bankruptcy court protection from creditors during a period of restructuring was an option.

As for the retailer's 68 workers, Mr. Mesinger said, they are being used as a selling point in a possible sale of the chain. "We're telling them [potential buyers] you have a trained work force ready to go. We're pushing for them to go with the new owner."

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.