Crumbs Bake Shop has obtained a $5 million loan from Dippin’ Dots owner Fischer Enterprises. Fischer, which previously acquired a 15% stake in the cupcake store chain, is also exploring synergies between its two holdings. However, Crumbs is facing stiff competition from Magnolia Bakery of “Sex and the City” fame as Crumbs attempts an international expansion. The Deal’s Sarah Pringle has details from New York.
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