C. Dean Metropoulos

5 Stories

Billionaire Heir Buys Playboy Mansion

Hugh Hefner is staying put

(Newser) - The Playboy mansion—complete with Hugh Hefner—has been snapped up by a party-loving neighbor. Daren Metropoulos, a 32-year-old billionaire heir who lives in an $18 million mansion next door to Hefner's longtime abode, is believed to be paying around $200 million for the 29-room mansion, the Guardian reports.... More »

Pabst Bought by Russian Brewer

But company behind PBR will remain based in Los Angeles

(Newser) - A beer of choice among the hipster set now has a Russian owner. Pabst Brewing, makers of Pabst Blue Ribbon and other brands, has been bought by Oasis Beverages, reports the Milwaukee Journal Sentinel . The word "iconic" is getting used a lot in coverage given that Pabst can trace... 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 »

5 Stories