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.
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2 comments:
only when a company in mexico said they were interested did someone get off the pot. no surprise that companies take their businesses to foreign lands; no surprise at all. i don't blame them.
Who cares; I haven't had one in 30 years, and bought some two weeks ago. They are different now; less sweet, cakier, drier; well, bottom line, they just suck.
Other than that, they're something for somebody other than me...
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