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Old 07-09-2014, 02:59 PM
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Default Cupcake chain Crumbs Closes, media announces end of cupcakes

From grubstreet: http://www.grubstreet.com/2014/07/cr...-business.html
Despite the persistence of its cheery, sprinkle-topped cupcake repertoire, forays into the realm of gluten-free baking, and an ambitious plan to bring Cronut knockoffs into wholesale stores like BJ's Club, Crumbs announced late yesterday that it is closing its 65 stores. A Crumbs representative says it's evaluating "limited remaining options," which the AP says include filing for Chapter 7 bankruptcy liquidation.
The announcement comes a week after NASDAQ suspended trading and de-listed the company. Shares of the company's stock had tumbled from a high of $13, when the company went public in 2011, to less than 30 cents a share. Workers were notified of the abrupt closure yesterday; the AP estimates the company's demise affects 165 full-time employees and 655 part-time employees.
Cupcake shop Crumbs shuttering all its stores [AP]
Related: Crumbs Bake Shopís Cronut Knockoffs Headed to BJís Wholesale Clubs
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Old 07-12-2014, 07:02 AM
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Laura Laura is offline
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Default Will Crumbs rise again?

from NBCNews.com: http://www.nbcnews.com/news/local/cu...gain-w55622992

Cupcake chain Crumbs is currently in talks to get the dough to rise again, the company said.

The New York company said it is in talks with "various interested parties" and could restructure its business days after abruptly closing its stores. ...
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