NEWS ABOUT: Hostess

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America Going Really Bananas for Twinkies

Some stores sold out within hours of Hostess snack's return

(Newser) - Twinkies' near-death experience may have ultimately been a good thing: Hostess Brands says demand for Twinkies and CupCakes is at a record high since the snack cakes returned to shelves just days ago. The Twinkies are a bit smaller than before (38.5 grams per cake, down 4 grams from... More »

Twinkies Will Return in 3 Weeks

New tag line: 'The sweetest comeback In the history of ever'

(Newser) - Hostess is betting on a sweet comeback for its Twinkies snack cakes when they return to store shelves next month. The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners and a leaner structure. It says it... More »

New Maker of Twinkies Ditches Unions

They're confident they can find non-union workers in hard-hit towns: WSJ

(Newser) - HoHos, Ding Dongs, and, yes, Twinkies are coming back—without the union workers that once produced them. The reborn Hostess Brands LLC intends to cut ties with the Teamsters and the bakers' union, the CEO of Metropoulos & Co., which bought the bankrupt company along with Apollo Global Management, tells... More »

Twinkies Should Return to Shelves by Summer

Hostess set to accept $410M offer for its cake brands

(Newser) - Looks like Twinkies have a new owner—and if all goes according to plan, the classic snack could be back in stores within months. Hostess has canceled today's auction for its brands and facilities and will sell them to Apollo Global Management and Metropoulos & Co., investment firms that... More »

Twinkies' $400M Savior Is Near

Two private equity firms, including owner of Pabst Blue Ribbon, close to deal

(Newser) - Goodbye Hostess Twinkies, hello ... Apollo Twinkies? Or maybe PBR Twinkies? The Wall Street Journal reports that two private-equity companies—Apollo Global Management and C. Dean Metropoulos—are close to a deal worth more than $400 million to buy the brand from bankrupt Hostess. The bid would serve as the one... More »

Walmart May Buy Hostess: Report

Kroger also in the mix

(Newser) - It looks like America's retailers can't resist a Twinkie. About two dozen companies intend to bid to buy either all of Hostess or just some of its individual brands, sources tell Bloomberg . Among the biggest names in the mix: Walmart. That deal would make some amount of sense,... More »

Hostess Diverted Pension Money to Run Business

Bakers union was fuming over move

(Newser) - For months, Hostess diverted funds intended for employee pensions and used that money to help run the sagging business, the Wall Street Journal reports. It's not clear how much workers lost, and experts say it probably wasn't illegal, but Hostess CEO Gregory Rayburn admitted it was a "... More »

Hostess to Dole Out Up to $1.75M in Exec Bonuses

Says incentive pay will help it retain necessary personnel

(Newser) - Hostess executives are in for a sweet finish: A federal bankruptcy judge yesterday gave the company the OK to hand out as much as $1.75 million in bonuses to 19 corporate officers and high-level managers. The bonuses are intended to serve as a carrot to keep these employees with... More »

Hostess Starts Firing People

About 3K will hold on to jobs for a few months

(Newser) - Yesterday a judge gave Hostess the OK to start winding down its operations, and the Twinkies maker isn't wasting any time. Bloomberg reports that the company has begun firing employees, with the CEO saying Hostess intended to fire 15,000 workers yesterday so their unemployment benefits could kick in.... More »

Judge OKs Hostess Liquidation Plan

Expect Twinkies brand to be sold

(Newser) - A bankruptcy court judge today approved a request by Hostess Brands to begin winding down its operations. The ruling came after the maker of Twinkies and other snack cakes failed in last-ditch negotiations to end a strike by its second-largest union. Hostess now has the green light to terminate the... More »

A Union Killed Hostess— but Not the One You Think

Holman Jenkins thinks the Teamsters are to blame for the Twinkie-maker's exit

(Newser) - What killed Hostess? Don't believe the people blaming private equity or America's changing tastes. Labor was the real culprit, writes Holman Jenkins at the Wall Street Journal , but don't blame the striking bakery union, which is, at worst, "guilty of perfectly justifiable attempted homicide." No,... More »

Hostess: Last-Ditch Talks With Union Failed

Twinkies maker plans to liquidate after all

(Newser) - Hostess Brands lived to die another day. The maker of Twinkies and Ding Dongs said late today that it failed to reach an agreement with its second biggest union. As a result, Hostess plans to continue with a hearing tomorrow in which a bankruptcy court judge will decide whether the... More »

Twinkies Still Alive: Hostess, Union Agree to Talk

Bankruptcy judge tells them to enter mediation

(Newser) - Twinkies won't die that easily after all. Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came today after Hostess moved to liquidate and sell off its... More »

Hostess Killed by ... Yogurt

Americans simply stopped eating bakery's products: opinions

(Newser) - Don't blame the death of Hostess on the fight between the company and a labor union—blame it on Americans and their changing appetites. Despite all the talk of Twinkies lately, Hostess "is primarily a bread maker," notes Josh Sanburn in Time . And though Wonder Bread is... More »

Union: Twinkies Won't Die

Hostess in bankruptcy court today

(Newser) - The union that Hostess blames for its collapse says Twinkies and other iconic snacks will live on. Hostess will present its plan to shut down plants and sell off its business to a bankruptcy judge today, but the chief of the the Bakery, Confectionery, Tobacco Workers, and Grain Millers union... More »

Want Some Twinkies? That'll Be $1K

Opportunists attempt to price-gouge Hostess snacks

(Newser) - News of Hostess going out of business led to a run on Twinkies and other iconic products from the bakery, which has in turn led to the snack cakes being listed for thousands of dollars on eBay and Craigslist, the AP reports. One unemployed man spent hours collecting 16 boxes... More »

Twinkies Will Be Saved

Analysts think the brand is too valuable to disappear

(Newser) - Day one of the post-Twinkie apocalypse brings news of stores selling out, prices soaring on eBay, and people waxing nostalgic all over Facebook, reports ABC News . Which is precisely why Twinkies aren't going away, writes Dan Primack at Fortune . The "brand still has value, and will be acquired.... More »

Bye-Bye, Twinkies: Hostess Is Closing

But assets will be sold at auction, so some products could survive

(Newser) - Sorry, Twinkies fans: Hostess really is shutting its doors. The company threatened to do so yesterday if striking workers did not return by the end of the day. Apparently they didn't, because CNN reports that the Twinkies maker is now asking a federal bankruptcy court for permission to go... More »

End of Twinkies? Hostess Says Strike May Doom It

Ho Ho's maker threatens to close for good unless workers return

(Newser) - A world without Ho Ho's, Wonder Bread, and Twinkies? Hostess says it may shut down all its operations for good amid a labor strike, reports MSN News . The company, which filed for bankruptcy last year, says it needs striking employees back by the end of business today or the... More »

It's Time for Twinkies to Die

Hostess' demise is a good thing: Mark Bittman

(Newser) - Hostess' bankruptcy filing probably won't mean the death of the Twinkie—rather, a restructuring of the company—but even if it did, it would be a death we should celebrate, writes Mark Bittman in the New York Times . The food columnist admits he ate his fair share of... More »

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