California Dessert Empire Sprinkles Cupcakes Abruptly Closes All Stores

Sprinkles Cupcakes, the widely popular chain known for its cupcake ATMs and mall kiosk locations, is expected to close all stores after a 20-year run.

The news was confirmed by Sprinkles founder Candace Nelson, who stated in an Instagram post that the company’s final day of service is Dec. 31. Nelson, who has not been involved with the company for more than a decade since selling to private equity firm KarpReilly Capital Partners, called the abrupt closures “surreal.”

“Even though I sold the company over a decade ago, I still have such a personal connection to it, and this isn’t how I thought the story would go,” Nelson said on video. “I thought Sprinkles would keep growing and be around forever. I thought it was gonna be my legacy.”

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