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Crumbs Bake Shop to Go Public

Crumbs Bake Shop to Go Public

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Crumbs Bake Shop, the country’s largest cupcake chain, will go public through a $66 million merger with an investment company, the 57th Street General Acquisition Corporation. The deal, which is expected to be announced on Monday, gives Crumbs the money to execute its ambitious expansion plans. The growth plans for Crumbs come as so-called gourmet cupcake shops are proliferating across the country. Sprinkles, based in Los Angeles, began with one location in Beverly Hills and now has seven with plans for three more. Washington is filled with cupcake stores, led by Georgetown Cupcake, whose owners had their own reality show on cable TV. – read more at NYTimes is an award-winning 5-star luxury travel & lifestyle blog showcasing luxury cars & drives, fashion & style, gear, real estate, travel, and food & drink.
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