It's War for Gigi's Cupcakes, the Fort Worth Company That Filed for Chapter 11 Bankruptcy

Gigi's Cupcakes, which is headquartered in Fort Worth, filed for Chapter 11 bankruptcy protection on Jan. 4 amid a tangle of lawsuits from current and former franchisees who say they were misled about the company's finances.Gatti's Pizza, owned by the same parent company, is also part of the bankruptcy filing.It reads like a cupcake war for Gigi's. The parent company is not speaking beyond a statement, and former franchisees like Tennessee man Bruce Speidel are alleging "disgusting" business practices. "You really can't make any money with the way these companies are set up," he says.  Continue reading...