Sprinkles Cupcakes founder confirms bakery chain is closing permanently
CBS News••business
Key Points:
- Sprinkles Cupcakes, known for its storefronts and "cupcake ATMs," is permanently closing all locations, confirmed by founder Candace Nelson on Instagram.
- Nelson expressed disappointment, noting she had hoped the company would continue growing and be her legacy after selling it to a private equity group in 2014.
- Founded in 2005 in Beverly Hills, Sprinkles expanded to multiple states with at least nine California locations and 10 cupcake ATMs, including its first out-of-state store in Dallas in 2007.
- The current ownership has not yet commented on the closures, which are set to begin immediately.
