Are the Cipriani Group's Woes Over?

By Anna Sekula August 7, 2008, 12:56 PM EDT

The Cipriani Group's venues, such as the Wall Street ballroom, can continue to operate as normal.

Photo: BizBash

After much speculation about the future of the Cipriani Group and whether or not the State Liquor Authority would shut down its venues, the company's legal problems may finally be over. After a hearing Wednesday morning, the authority decided not to revoke the liquor licenses of the family-run restaurant and catering empire; the company will instead pay a $500,000 penalty. The decision effectively resolves certain issues that provoked several media outlets to debate over the closure of the company's various restaurants and catering halls.

The Cipriani Group issued a statement yesterday afternoon to confirm the settlement: “We are grateful that this resolution ensures that service will continue uninterrupted at Cipriani's world-class locations across New York City. Cipriani is a vital part of New York City's economy and is proud to currently provide work for nearly 3,000 individuals across the city. We are eager to continue serving our clientele by providing them with the same high-class dining, events, and hospitality that they have come to expect from the Cipriani family over the past 80 years.”

Sign up for the BizBash Daily - stay current with the event industry.
Your email inquiry will be sent to 3 venue