The 34-unit Crumbs Bake Shop cupcake chain will be acquired for $66 million and taken public by 57th Street General Acquisition Corp., the companies said Monday. The deal, slated to close in March, includes $27 million in cash and about $39 million in stock for Crumbs' owners. The New York-based chain was founded in 2003 by Jason and Mia Bauer, who will continue to serve as chief executive and chief creative officer, respectively. After the transaction closes, Crumbs is expected to be listed ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?