Long live Crumbs: Famous cupcake chain may open under new owners

Long live Crumbs: Famous cupcake chain may open under new owners

Crumbs listed assets and liabilities between $10 million and $50 million in the bankruptcy filing.

Thankfully, Crumbs may not be closed for long.

Reuters reports that the famous cupcake chain may soon open under new ownership if a bankruptcy judge green lights a deal for a local investor and the Dippin’ Dots owner to purchase the company.

Crumbs closed its stores on Monday and filed for Chapter 11 bankruptcy on Friday.

According to a court document, cited by Reuters, CNBC star Marcus Lemonis and Fisher Enterprises LLC, the owner of Dippin’ Dots, would buy Crumbs through a company called Lemonis Fischer Acquisition Co.

“We hope that the process is one that allows the stores to open quickly and put people back to work,” Lemonis told the New York Daily News. “We know that in order for this business model to succeed it must have a diverse offering. Our hope is to create America’s sweet and snack shop.”

The New York Post reports that Crumbs listed assets and liabilities between $10 million and $50 million in the bankruptcy filing.

Have you ever eaten at Crumbs? Do you think that the cupcake chain will survive under new ownership? Sound off in the comments section.

Be social, please share!

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Leave a Reply

Your email address will not be published. Required fields are marked *