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California dessert empire Sprinkles Cupcakes abruptly closes all stores
- apparent 10mo agoNever understood how these stores stayed in business. Who pays that much for cupcakes? They're super cheap at regular grocery stores, available in high-end bakeries if you want to impress, and honestly not that hard to make on your own.
- xenospn 10mo agoSame reason people pay for fancy bottled water when it’s available for free at home.
- deleted 10mo ago[deleted]
- toomuchtodo 10mo ago> 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.” Another private equity write down in progress. https://www.nrn.com/mergers-acquisitions/karpreilly-buys-interest-in-sprinkles-cupcakes https://www.nrn.com/mergers-acquisitions/karpreilly-buys-int... Investors Warn of 'Rot in Private Equity' as Funds Strike Circular Deals - https://news.ycombinator.com/item?id=46380751 https://news.ycombinator.com/item?id=46380751 - December 2025 Once Wall Street’s High Flyer, Private Equity Loses Its Luster - https://news.ycombinator.com/item?id=46364566 https://news.ycombinator.com/item?id=46364566 - December 2025 Private Equity’s Latest Financial Alchemy Is Worrying Investors - https://news.ycombinator.com/item?id=44891882 https://news.ycombinator.com/item?id=44891882 - August 2025