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Sprinkles Cupcakes, once famous for its cupcake vending machines and founded by Candace Nelson in her kitchen, has shut down after 20 years, with its former owner expressing surprise and disappointment, amid concerns about private equity's role in restaurant closures.
Sprinkles Cupcakes, known for its cupcake vending machines and national presence, has shut down after 20 years, with fans expressing sadness on social media. The company was sold to private equity firm KarpReilly in 2012, and its closure has sparked discussions about private equity's impact on restaurant brands.
Sprinkles Cupcakes, known for its cupcake vending machines and national presence, has shut down after 20 years, with the closure announced by its former owner Candace Nelson. The company was sold to private equity firm KarpReilly in 2012, but no reasons for the shutdown have been provided. The closure reflects a broader trend of private equity influence in the restaurant industry, often leading to closures or bankruptcies.
Sprinkles Cupcakes, founded by Candace Nelson in 2005, is closing all its locations across the U.S., including its sole Arizona store in Scottsdale, after Nelson sold the company in 2012; the company has not officially announced the closures.