Entrepreneur Pinky Cole says that “Slutty Vegan 2.0 is going on in actual time” as she units the report straight about shopping for again her fast-food empire amid backlash from a distinguished restaurant closure at Spelman Faculty.
For starters, Cole, an HBCU alum who graduated from Clark Atlanta College, made headlines in early April when she revealed that the enterprise was being revamped. She disclosed, “For 43 days, that’s how lengthy I didn’t personal my firm,” throughout an April 10 interview for V-103’s “Huge Tigger Morning Present.”
The burger joint started as a meals truck in Atlanta in 2018 and shortly grew right into a multimillion-dollar enterprise with 5 brick-and-mortar areas within the metropolis, together with the since-shuttered areas on the all-women’s school and Georgia Tech.
Slutty Vegan additionally arrange store with eating places in Alabama, Maryland, Texas, and New York, a few of which closed throughout the world restructuring deal she entered into on Feb. 13.
Cole mentioned the enterprise’ overhead of practically $10 million was a catalyst behind her determination to relinquish management of the endeavor. She says she purchased it again for an undisclosed quantity on March 25.
On Instagram, one person wrote, “She grew too quick.” A second particular person commented, “I really feel like she misled us by not being clear about this a part of the enterprise in actual time…Now she appears to be doing injury management.”
She advised the radio hosts, “For the lifetime of Slutty Vegan, I’ve made in all probability like $70 million, however my debt is excessive. So you can also make all the cash, but when your debt is excessive, it don’t imply something as a result of, backside line, if it don’t look inexperienced, it’s crimson.” The restaurateur additionally cited financial system and expertise adjustments as an excessive amount of for her to deal with on her personal.
“It was a sinking ship that I couldn’t maintain placing water out of the ship. So, I surrendered to a restructure,” she mentioned. The entrepreneur added, “We didn’t shut. I imply, apart from a few ’em. I awoke and appeared on the information like, ‘Spelman closed at this time. What occurred?’” When requested if she was forewarned of the closure, she mentioned, “No.”
You’re speaking about school college students. Spelman has a reputation but when yall suppose everybody on campus has cash you’re loopy.
I began at Spelman HOMELESS.And it’s time we had that dialog about slutttttyy vegan and its proprietor bc… yeah https://t.co/dBwR8qpPLG
— Thick Saban ✨ (@RaveenTheDream) March 18, 2025
Elsewhere on Instagram, a 3rd person requested, “Wait what occurred?” on the information of Spelman dropping its Slutty Vegan. The reply could be discovered within the college students’ complaints. “Faculty college students are broke. They need to have created a finances menu only for the campus location,” learn a tweet concerning the debacle.
Worth gouging criticism grew loud weeks earlier than Cole’s “Slutty Vegan 2.0” bulletins. Burgers and sandwiches vary in value from $15 to $18 and fries carry an extra value of $3.75. The Spelman location opened in August 2023 and closed its doorways on Feb. 26, in response to a discover the faculty despatched to its pupils. College students voted that it’s changed by Twisted Taco.