Sprinkles Cupcakes, company with iconic cupcake ATMs, shuts down
AP News••business
Key Points:
- Sprinkles Cupcakes, known for its "cupcake ATMs," has shut down after 20 years of operation across the United States, as confirmed by its former owner Candace Nelson.
- The company was founded by Nelson in 2005, starting from her kitchen and growing to national fame with multiple storefronts and vending machines in malls and airports.
- Nelson sold Sprinkles Cupcakes to private equity firm KarpReilly LLC in 2012, which expanded the brand to 10 locations before its closure; neither party provided a reason for the shutdown.
- The company's website no longer lists any products or operational locations, and its cupcake vending machines briefly gained viral attention on TikTok for their catchy jingle.
