Lady M is weighing a new funding round that could value the New-York based bakery chain at about $600 million, according to people familiar with the matter.
The company, known for its signature Mille Crepes cakes, is looking to raise about $20 million to fuel its expansion in Asia, said the people, asking not to be identified discussing a confidential matter. Lady M is working with advisers to gauge investor interest, the people said.
The fundraising could offer fresh capital for Lady M to make strategic acquisitions of other bakery brands as well as to open more stores in China, the people said. Discussions are ongoing and details
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