Sprinkles Cupcakes is closing, says the cofounder

Sprinkles Cupcakes is closing, the bakery's founder said.

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• Sprinkles Cupcakes is closing, cofounder Candace Nelson said on Wednesday.
• Nelson sold Sprinkles to private-equity firm KarpReilly in 2012.
• Sprinkles pioneered the cupcake ATM and operated 21 stores and 25 dispensaries nationwide.

Sprinkles Cupcakes is closing, cofounder Candace Nelson said on Wednesday.

Nelson started the American cupcake brand in 2005 with her husband. The...