Remember when we were all terrified that we’d never have the chance to cradle a cream-filled snack cake in our hands ever again, that Twinkies would finally and irrevocably disappear and cast us all into a cake-less hole of utter despair? That’s probably not going to happen, as Hostess Brands confirmed it’s received a first offer of $410 million for Twinkies and its Dolly Madison brands. [More]
There are plenty of suitors lined up to impress Hostess Brands right now and convince it that their company can do right by its various divisions after Hostess filed for bankruptcy. It now appears McKee Foods, the makers of Little Debbie, has been granted the hand of Drake’s Cakes. Mmm, cake. [More]
As potential buyers line up to pick the sweet, slightly artificial-tasting bones of Hostess, it appears more and more likely that the company’s snacks will end up under new ownership that doesn’t include Hostess’ bread brands. [More]
Only days after being unable to work things out with a striking union, and forcing us all to devour faux Twinkies for our creamy, spongy sugar fix, the folks at Hostess Brands Inc. are asking for a bankruptcy court to approve up to $1.8 million in bonus payments to top executives. [More]
Like walking through the wardrobe to Narnia, crossing the border into Canada transports you into a land where Twinkies and Wonder Bread are in full supply, without any imminent fear of vanishing. [More]
It seems like only a few days ago that Hostess and its striking union were agreeing to a judge’s suggestion that they try to mediate and avoid liquidation. That’s because it was only Monday that the two made plans to talk things out on Tuesday. Well, time flies when you’re not having fun, and it appears both sides were unable to work things out. Liquidation is a likely possibility, and all the Hostess hoarding that goes with it. Now someone hand me a package of Sno Balls and some Kleenex. [More]
UPDATE 4:20 p.m.: Rejoice, for Hostess and its striking union have agreed to participate in mediation. The judge who urged both sides toward mediation will preside over a session between the two tomorrow. [More]
If the federal government can bail out the banking and auto industries, why can’t it do the same for Twinkies, the beloved, spongy, cream-centered treats that are vanishing off store shelves — possibly forever — with the news that Hostess Brands is going the way of the Dodo, which is surprisingly not the name of one of its many products. [More]
Nostalgia is a funny thing. It can be triggered instantaneously, such as when the news hit today that Hostess is asking to liquidate its assets and immediately the world explodes into a sugary outpouring of Twinkies-related sentiment. And in times of loss, what serves our nostalgic need better than buying up merchandise on eBay? It’s so retro! [More]
Unable to reach a deal with a labor union representing around one-third of its employees, management of Hostess Brands — the Twinkie and Wonder Bread people — have asked a bankruptcy court to allow it to close up shop and liquidate all of its assets. [More]
Already struggling to work its way out of bankruptcy protection, Hostess is now in the midst of a strike that the company says could force it to close up shop for good and liquidate all of its cream-filled products. [More]
Back in January, Hostess Brands Inc., makers of the Twinkie and lots of other snacks (but mostly the Twinkie) declared bankruptcy. Yesterday the company finally filed its plan to get out of bankruptcy, which basically amounts to telling its equity owners, “Thanks for all the money, now go away.”
Gird your Twinkies, Hostess lovers: The maker of those frosting-filled yellow logs is preparing to file for Chapter 11 bankruptcy protection this week, says a new report. It’s the second time in recent years that it’s attempted to restructure in court.
For decades, the Thomas’ English Muffins have been bragging about the tasty nooks and delicious crannies of its breakfasts breads. They’re such a well-regarded company secret that only seven people at the company know the recipe. And now that one of those dudes is trying to jump ship to Hostess, it’s lawsuit time.