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Bakery Chain Lady M Seeks New Funds at $600 Million Value

  • Lady M is seeking to raise about $20 million in new round
  • Firm currently operates 30 stores across Greater China
Lady M store in Shanghai.
Lady M store in Shanghai. Photographer: Alex Tai/SOPA Images//Getty Images

Lady M is weighing a new funding round that could value the New-York based bakery chain at about $600 million, according to people familiar with the matter. 

The company, known for its signature Mille Crepes cakes, is looking to raise about $20 million to fuel its expansion in Asia, said the people, asking not to be identified discussing a confidential matter. Lady M is working with advisers to gauge investor interest, the people said.