Cupcake Chain Throws in the Towel, a Week After Nasdaq Suspension, Which Triggered Default
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.
"Regrettably Crumbs has been forced to cease operations and is immediately attending to the dislocation of its devoted employees while it evaluates its limited remaining options," the company said in a statement to The Wall Street Journal.
If you have a WSJ account (who does?) the full story is: http://online.wsj.com/articles/sticky-time-for-crumbs-bake-shop-1404770884
Good to see the important stories of the day being covered in a timely manner.