Home Videos Photos

Crumbs Bake Shop Shutting Down ALL Locations After Getting Kicked Out Of Stock Market! No More Gourmet Cupcakes!

| Filed under: Sad SadBusiness BlitzFoodFood Porn

dog wants cupcakes so bad but crumbs is closed

Remember the great cupcake craze of the new millennium?

Basically, a few years ago, having a store that made high-end, gourmet cupcakes was the shiznit.

Now, stores are struggling to move their caramel macchiato cupcakes and other tasty treats!

The latest casualty is Crumbs Bake Shop Inc., who just yesterday told all their employees they're shutting down all of their stores.

The company said in a statement:

"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."

Crumbs has 48 stores in 10 states and now they're all closing after the Nasdaq Stock Market suspended the trading of Crumbs' shares.

Even though they were popular, with celebrities often grabbing their cupcakes, the company never reached the numbers and profits needed to survive as a publicly traded company.

It's a sad day for the gourmet cupcake industry.

Tags: , , , , , , , , , ,

12 Childhood Snacks That'll Make You Wish You Were Going Back To School!
Remembering Robin Williams: July 21, 1951 - August 11, 2014
Richest Kids Under 30!
20 Celebs Who Were Homeless
Celebs Who Died Under Bizarre Circumstances!
10 Reality TV Couples Broken Up By The Spotlight!
Email this  »
Welcome back, !
or logout

or login or create a Perez Posse account!