Lady M is considering a new round of funding that could bring the bakery chain based in New York to $600 million.
Lady M New Funds- Bakery Chain
According to people familiar with the matter, the company is seeking to raise approximately $20 million to expand in Asia.
Lady M New Funds- Expanding in Asia
Lady M could use the funds to fund strategic acquisitions of bakery brands and to open new stores in China.
Lady M New Funds- Strategic Acquisition
Lady M was founded in 2001 and has more than 50 locations worldwide, according to its website.
Lady M New Funds- Founded In
Customers queued for hours to get in line at the store, which was an immediate hit. Lady M has 30 shops in Greater China.
Lady M New Funds- Greater China
To tap China's growing middle class, foreign coffee shops and bakery companies are expanding into China.
Lady M New Funds- Coffee Shops & Bakery
After receiving investment from Tencent Holdings Ltd, Tim Hortons Inc. more than doubled its stores to 300 in China last year.
Lady M New Funds- Investments from
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Lady M representatives didn't respond immediately to inquiries for comment.
Lady M New Funds- Response
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