NEW YORK CITY—It's the end of a sweet era.
Crumbs Bake Shop Inc. has shuttered its 48 stores around thecountry after being delisted on the Nasdaq Stock Market and in theface of mounting debt. Based here, the company had stores across 10states and the District of Columbia.
The Nasdaq Stock Market suspended trading of Crumbs shares July1, citing the company's failure to meet a requirement of eitherhaving at least $2.5 million in shareholder equity or meetingbenchmarks for its market cap or annual net profit, according tothe Wall Street Journal.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
