New York

NYC's Famed Magnolia Bakery Plans Expansion to 50 Top U.S. Markets

What to Know

  • Magnolia Bakery Chief Executive Steve Abrams says the company plans to go into about 50 of the top markets in the country
  • Each of those markets is expected to have at least three Magnolia locations each
  • The privately-owned bakery, which started in 1996 at a spot in Greenwich Village, now has spots in NYC, Boston, Chicago nda LA

A popular New York City bakery chain says it will expand across the entire United States by opening as many as 200 franchises over the next five years.

Magnolia Bakery Chief Executive Steve Abrams says the company plans to go into about 50 of the top markets in the country, with at least three locations in each. The Wall Street Journal reports Magnolia has not worked out financial details like franchising fees for potential partners as of yet.

The privately-owned bakery, which started in 1996 at a spot in Greenwich Village, has grown to encompass six stores in New York, plus stores in Boston, Chicago and Los Angeles.

Abrams says Magnolia will continue to operate company-owned stores.

Copyright AP - Associated Press
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