Crumbs Bake Shop in talks with investors to save its stores after announcing plans to close
- Crumbs Closures A Crumbs cupcake shop sits empty on Federal Street Tuesday, July 8, 2014, in Boston. Crumbs says it is shuttering all of its stores a week after the struggling cupcake shop operator was delisted from the Nasdaq. (AP Photo Stephan Savoia) (Photo: Associated Press)
NEW YORK (AP) - Will cupcake chain Crumbs get new dough and rise again?
The New York company says it is in talks with "various interested parties" and could restructure its business days after closing its stores.
"We're pleased to be in talks with various interested parties that are allowing us to pursue all of our options for the business, which includes consideration of restructuring alternatives," CEO and General Counsel Edward Slezak says in a statement.
As of March, Crumbs had 65 stores nationwide. It sold giant cupcakes topped with M&Ms and Girl Scout cookies and other variations on the sugary treat. It closed all of its remaining stores on Monday, and said then it was considering options including a Chapter 7 bankruptcy filing.