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A Bad Business Deal Cost This Cookie Mogul Her First Company. What She Learned From It Helped Her Build a $500 Million Empire

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Following the sale of her business, Southampton, New York-based Tate's Bake Shop, Kathleen King retired in 2018. It was a move she'd been planning since day one.

I had another bakery business for 20 years, called Kathleen's Bake Shop. I made a bad business deal and ended up losing everything. So when I opened Tate's, I said, "OK. I have to have a strategy; I have to plan to grow this business so I can sell........

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