Daily News: August 28, 2014

Crumbs Bake Shop to Reopen Stores After Court Approval

The Wall Street Journal reported Crumbs Bake Shop won court approval to begin reopening stores as soon as next month under a new ownership team that plans to expand the chain beyond its signature cupcakes.

According to the Journal Judge Michael Kaplan in U.S. Bankruptcy Court in Newark, NJ, signed off on the sale to Marcus Lemonis and Dippin’ Dots owner Fischer Enterprises, which is taking over Crumbs in exchange for the cancellation of some $6.5 million in debt.

To read the entire WSJ article, click here.

Previously on abfjournal: Crumbs Wins Approval to Hold August Bankruptcy Auction, July 28, 2014