NEW YORK Citing the recession and a lease dispute, the Cipriani family, which has managed the famed Rainbow Room for the past 10 years, will temporarily shut down operations at the establishment’s Rainbow Grill restaurant on Jan. 12. According to Cipriani spokesman Ben Branham, only the bar, banquet hall and ballroom will remain open for business. About 40 employees are expected to lose their jobs as a result of the closing.The New York Daily News reported that Tishman Speyer, the ...

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