Hostess Filing For Bankruptcy. Good Bye Twinkies?

Hostess Brands, the company that makes your favorite Twinkies, Ho-Ho’s and Donettes is preparing to file bankruptcy for the second time in under a decade. The Wall Street Journal is reporting that Hostess Brands Inc. is preparing to file for Chapter 11 bankruptcy protection as soon as this week.

The Texas-based company carries more than $860 million in debt and is being pinched as a result of high labor costs as well as the rising costs of sugar, flour and their other ingredients. As mentioned earlier, Hostess, once called Interstate Bakeries Corp., faced a four-year period in bankruptcy court back in 2004, struggling to emerge out of bankruptcy in February of 2009.

Sales of Twinkies have been in a recent decline, maybe in a time when more brands are reformulating recipes and offering new, healthier, flashier baked-good alternatives, Hostess brands haven’t been making very substantial changes to their long standing products.

Will Twinkies be gone forever?

Only time will tell. The company hopes that the new bankruptcy proceedings will attract new capital to bring production and distribution operations up to date, according to someone close to the company.

Better question, will you miss Twinkies and Ho-Ho’s if they’re gone?!

 

More content

Culture
Celebrity Chef And Food Network Star Anne Burrell Dies At 55
Celebrity Chef Anne Burrell—known for her signature spiky hair, culinary talent, and longtime role as host of Worst Cooks in America—tragically passed away on Tuesday,…
,
Eating Out
Wendy’s And Takis Team Up For Fiery ‘Fuego Meal’
Wendy’s is putting a sizzling spin on its classic Spicy Chicken Sandwich with the help of Takis. The two have fusion ha’d to create a…
,
Culture
Pizza Craving Ends With $1 Million Win For Retired California Vet
Imagine going out for pizza and walking away $1 million richer—that’s exactly what happened to 72-year-old retired veteran McKinley Nelson from California. While out with…
,
Burger
We Deliver!

Enter your email address below and we'll deliver our top stories straight to your inbox