The cupcake has crumbled as city-based Crumbs Bake Shop has announced it has closed all of its stores.
That's one potential investing lesson of the day after cupcake chain Crumbs abruptly closed its doors on Tuesday, ending a short and not-so-sweet business story. Crumbs, founded in 2003, tried to ride the gourmet cupcake trend to national dominance
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Crumbs Bake Shop Inc . notified employees Monday that it would be closing all of its stores at the end of the business day, a spokeswoman for the New York-based cupcake maker said. The Daily Bankruptcy Review article is
NEW YORK (CBSNewYork/AP) – Crumbs is shuttering all of its stores just a week after the struggling cupcake shop operator was delisted from the Nasdaq. The New York City-based company said all employees were notified of the closures Monday.