Commoner ago

So who is the backer that gave him money to buy the bakery and expand https://www.entrepreneur.com/article/217863

But unlike owners of fast-growing national bakery chains, Abrams hasn't built his cupcake emporium through franchising, licensing or an infusion of capital from institutional investors. Magnolia is majority owned by Abrams and his wife, Tyra, and their daughter, Olivia, 11, and every store except for the one in Dubai is owned by the company. His expansion plans are modest -- three new stores a year -

  • and will be funded by an unnamed wealthy private investor and City National Bank.

Commoner ago

And, of course, they help fund a children's cause

http://www.iloveqatar.net/news/content/magnolia-bakery-pledges-support-qatar-cancer-society-and-educate-child-eac

Earlier in the year, Magnolia Bakery had the privilege of partnering with the prestigious not-for-profit initiative, Educate a Child, a program of Education Above All, a global initiative launched by Her Highness, Sheikha Moza bint Nasser of Qatar, which aims to significantly reduce the numbers of children worldwide who are missing out on their right to education. The partnership, which began in August 2015 and will run for six months, will see Magnolia Bakery create special cupcakes for Education Above All with unique designs on them and Magnolia Bakery will also donate 4 QR for every cupcake sold to this unique initiative.

EyeOfHorus ago

Citi Bank chose President Obama's cabinet https://www.wsws.org/en/articles/2016/10/15/wiki-o15.html