Happy New Year, F*** Private Equity!!
Sprinkles Cupcakes founder Candace Nelson took to social media to lament about losing her “legacy” as she announces all Sprinkles locations would close, effective immediately.
But the reality — she sold her business to private equity for tens of millions of dollars, while employees were given 1 day notice of termination.
Private equity needs to die.
For a list of major corporations owned by private equity, click here.