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Crumbs Bake Shop Cancels Auction Seeks Sale to Investors

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A bid by television personality Marcus Lemonis and Dippin' Dots owner Fischer Enterprises to relaunch the closed Crumbs Bake Shop moved closer to reality this week after a deadline to trump the pair's $6.5 million offer came and went with no other takers emerging, Dow Jones Daily Bankruptcy Review reported today. The cupcake chain, which abruptly closed its doors in July and sought chapter 11 protection, will ask a judge to sign off on the bid at a Tuesday hearing in U.S. Bankruptcy Court in Newark, N.J.