The nation's largest specialty cupcake chain is calling it quits. The New York-based company told employees it would be shutting down all of its stores at the end of the business day on Monday.
Founded in 2003 on Manhattan's Upper West Side, the bakery offered dozens of varieties of gourmet baked goods. It was at the forefront of the cup cake boom of the late 2000's and eventually expanded more than 60 locations across the country.
But things turned stale last week, when NASDAQ suspended the trading of Crumbs shares, claiming the company failed to meet benchmarks for a market cap or annual net profit, or that the company no longer had at least $2.5 million in shareholder equity.
And just like that my dreams of one day devouring their majestic, "colossal" cupcake went up in sprinkles.
I can't prove it, but I'm 96% sure that the cupcake ATM is somehow behind this..