That's The Way The Cupcake Crumbles

Cupcake company Crumbs announced that it would file a Chapter 7 liquidation. Crumbs, which was founded in 2003 and went public in 2011, had 65 stores in 12 states. The company sold cupcakes in flavors such as Cookie Dough and Girl Scout Thin Mint. For the first quarter of 2014, the company lost $3.8 million, a sharp increase from the 2013 first quarter loss of $2 million.