The 20-year-old high-end cupcake chain announced an “orderly liquidation”, closing all of its stores and cupcake vending machines in the US, after the company was acquired by a private equity firm in 2012.

The 20-year-old high-end cupcake chain announced an “orderly liquidation”, closing all of its stores and cupcake vending machines in the US, after the company was acquired by a private equity firm in 2012.