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]
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