Twinkie Lovers Can Relax

KSCB News - November 19, 2012 8:34 am

The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court.

Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho’s, will be in a New York bankruptcy courtroom Monday to start the process of selling itself.

The company, weighed down by debt, management turmoil, rising labor costs and the changing tastes of America, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring. Instead, it’s asking the court for permission to sell assets and go out of business.

But with high brand recognition and $2.5 billion in annual revenue, other companies are interested in bidding for at least pieces of Hostess.

 

Latest Stories

Indictments Handed Down for Two Area Men

Vario Jesus Portillo-Salinas,26, Liberal, Kan., is charged with two counts of possession with intent to distribute...

Sharp Family Champions Center Ribbon Cutting Rescheduled

  By Rachel Coleman The Sharp Family Champions Center ribbon-cutting, originally scheduled for Wednesday, Jan. 29,...

Broadcast Square audio archives January 20 to 24, 2020

You can listen to archived Broadcast Square audio from the week of January 20 to 24,...