New owner Maggie Raye vows to keep the ‘fan favorites’ in the bakery case
Maggie Raye, left, has taken over ownership and operation of Lynn Magnoli’s Icing on the Cake bakery in Los Gatos. Magnoli sold the business — and its prized recipes — after a 39-year run. bakery up for sale — after 39 years — with the goal of finding “a quality successor to keep this gem of a bakery thriving and evolving.”South Bay resident Maggie Raye, who worked at the bakery for five years before taking a “stay-at-home-mom” break, has purchased the beloved Los Gatos business and its recipes.
Raye added a note of her own on the bakery’s Facebook page: “New owner … same delicious Banana Cake!” “What Lynn has built is phenomenal. I don’t intend on changing any of the fan favorites,” she said in an interview. “It would be silly to buy a business and deconstruct it when it’s running so well.”
The self-taught Magnoli, whose baking career started in childhood with a vintage 1965 Easy-Bake Oven, opened the first Icing on the Cake in an old house off North Santa Cruz Avenue in 1985. She moved the operation to West Main Street in 2001 and expanded into a neighboring space in 2013.
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