FOXBusiness reports that Crumbs Bake Shop, the NYC-based cupcake bakery with west coast locations spanning from Malibu to Hollywood, has been acquired by 57th Street General Acquisition Corp. for $82.1 million (16.4 times Crumbs’ 2011 estimated earnings). Not too bad at all for an eight year old bakery chain. In other news, Crumbs will expand to 200 locations by the end of 2014. [FOXBusiness]
Filed under:
Crumbs Goes Public
The Latest
Filed under:
4 Restaurants to Try This Weekend in Los Angeles
Your handy guide on where to eat from the editors at Eater LA
Filed under:
Best Dishes Eater Editors Ate This Week
Follow Eater editors each week as they share their favorite dishes around town
Loading comments...