Crumb's Bake Shop, Inc. (CRMBQ)

[bar1080]

"The Profit" abandons bid to help rebuild Crumbs"

"There’s a little icing for The Profit as he takes his losses on Crumbs.

Marcus Lemonis, the CNBC star who coaches small businesses, called it quits Tuesday on plans to turn around Crumbs Bake Shop — the cupcake chain that he and Fischer Enterprises purchased from bankruptcy in August 2014.

“I’m moving on,” Lemonis told The Post, but by doing so, the reality-TV star is taking “a significant loss.”

“The Profit” host called his Crumbs partners of the past year — a father-and-son team named Fischer — “nice people.” But they were majority owners, he said, and his being a minority owner didn’t allow him to “effect change” at a pace he felt necessary..."

http://nypost.com/2015/09/02/the-profit-host-abandons-show-to-help-rebuild-crumbs/