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Article: Group Wants to Buy Bankrupt Restaurant Operation in Rhode Island.

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Knight Ridder/Tribune Business News
Article date:
November 17, 2001
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By Andrea Stape, Providence Journal, R.I. Knight Ridder/Tribune Business News

Nov. 17--CRANSTON, R.I.--An investment group, including former gubernatorial candidate Myrth York, yesterday offered to buy bankrupt Newport Creamery Inc. for $570,000.

Creamery Acquisition LLC -- made up of York, local lawyer Jack McConnell and Rory Riggs, a New York businessman and Rhode Island native -- yesterday presented a joint bid with Bank Rhode Island, a secured creditor, to the U.S. Bankruptcy Court in Providence.

Creamery Acquisition wants to acquire Newport Creamery's trademarks, recipes, and the equipment at the chain's 12 operating restaurants in ...

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