Magnolia Bakery Expansion

Magnolia Bakery Expansion

Jun 14, 2019 未分类 by wh1

Magnolia Bakery latest NYC retailer to bet on major brick-and-mortar expansion Can cupcakes still conquer the world?

(Credit: Pixabay)

After two decades, it s time to get a taste of something new, according to Magnolia Chief Executive Steve Abrams.

Abrams famous Magnolia Bakery is making a big bet on expanding its empire; Adrams plans to set up shop in 50 markets other markets in the U.S. with at least three stores in each location, according to the Wall Street Journal.

The bakery, which logged an annual revenue of $45 milli上海千花网龙凤论坛

on last year, began in Greenwich Village in 1996 and n上海同城对对碰交友社区

ow consists of six New York City stores, as we上海龙凤论坛sh1f

ll as one store in Boston, Chicago and Los Angeles respectively and 1上海贵族宝贝交流区

7 international franchise locations in seven countries.

The announcement of Magnolia s major investment in brick-and-mortar locations has some wondering whether the hunger for the famous cupcakes will be strong enough to support a ballooning empire.

But Abrams isn t worried: “We’re still the big name. That’s always going to carry weight,” he told the Journal. [WSJ] Erin Hudson

Tags: Commercial Real Estate, Retail Real Estate
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