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Crumbs closes all stores; cupcake craze crumbles?

Crumbs Bake Shop, the country’s largest specialty cupcake chain, told employees on Monday that the New York–based company would be shutting down all of its stores at the end of the business day.

“Regrettably Crumbs has been forced to cease operations and is immediately attending to the dislocation of its devoted employees while it evaluates its limited remaining options,” the company announced in a statement to the Wall Street Journal. A spokeswoman told the paper those “options” include filing for bankruptcy.

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