Hostess Is Going Bankrupt. Again.

Categories: Food News

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Hostess, the Irving-based maker of beloved school-lunch snacks like the Twinkie and the Ho-Ho, is in financial trouble, according to the Wall Street Journal. A source tells the paper that the processed food giant will file for Chapter 11 bankruptcy protection as soon as this week.

Hostess also owes more than $50 million to vendors, which have been demanding payments on shortened time frames because of Hostess's financial condition, one of the people said. Most of those goods and services were provided to Hostess within the past three weeks or so.

The move doesn't mean the Twinkie is dead, but it does indicate serious financial turmoil within the corporation. This will be the second time the company has filed for Chapter 11 bankruptcy. Twinkies themselves have been selling well, but attempts to diversify into high-end baked goods have backfired. Like the airlines (which should really serve Twinkies), Hostess is also trying to get out from under its labor contracts, and filing for bankruptcy can "provide troubled companies a bargaining chip to try and get concessions from unionized workers," the Journal reminds.

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Xxxpornstar007
Xxxpornstar007

Blame Obama....  If the sun didn't rise [guitar strum]... Blaaame Obaaama.

zengfoo
zengfoo

Omgosh man now way, tell me it aint so?? WOw.

www.Total-Privacy dot US

Josh's broken records
Josh's broken records like.author.displayName 1 Like

Anyone remember the greatness of Rocky Road?  Now that was some goody good candy.

Ding Dongs rocked balls, back in the day, when they were wrapped with foil..many an action figure was changed into a foil covered action figure.

Daily Reader
Daily Reader

I want some pink Snoballs.

Josh's broken records
Josh's broken records

Quadruple Yuck!!  Had a bite of one of them about 30 odd years ago, still don't think I've got that taste gone...did give me a reason to start to drink beera though.

Daily Reader
Daily Reader

No reason is a good reason for a beera  - cheers!

Guest
Guest

When I was a little kid, I used to peel away the pink marshmallow, eat it and throw the rest away.

Nic Rodriguez
Nic Rodriguez

Any word on the future of ZINGERS?

Those red, coconuty bastards rock.

TheRealDirtyP1
TheRealDirtyP1

too bad they only have a 25 day shelf life. Has anyone ever frozen them? Do they taste the same when defrosted?

Josh's broken records
Josh's broken records

That's a suggested shelf life..deep fry that sumbitch! Everything goes better with batter and frying. 

TLS
TLS

If they brought back Ring Dings, wrapped in foil, not only would the company be saved but gas prices would be 57 cents a gallon.

just sayin'
just sayin'

I blame the internet and satellite tv for the latest demise of hostess. Twinkies and ding dongs sound way too gay now.

Guest
Guest

Another American institution appears to go's down the tubes. I suppose some Chinese company will buy them and make them in China for us. Probably re-name them as, Twinkee's

Ed D.
Ed D.

At least we'll always have Mrs. Baird's as an American insti... what? Dang.

Kergo 1 Spaceship
Kergo 1 Spaceship

This is bad; real bad......Hostess baseball cards were a staple of my Kergie youth!  What was better than eating a whole box of Ding Dong's, and cutting out the cards?  Sad thing is, who eats that stuff these days?  Not my kiddo's.......stuff tastes like a boat.

Kevin John Gilhooly
Kevin John Gilhooly

Filing Chapter 11 again? Who can't make money off Twinkies and Ding-Dongs? Maybe the company name is wrong. Change "Hostess" to "Students and Stoners, Inc."

Is anyone else concerned that a company that makes creme-filled treats has high labor costs? How are they filling those things?

ChikinFriedSnake
ChikinFriedSnake

Well, at least they're not nutritionally bankrupt. Chock-Full-O-Protein, doncha' know.

ScottsMerkin
ScottsMerkin

so have they filed chapter 11 or will they?  which is it, the article states both in the first 2 sentances.  Now where's my Ho-Hos

Daily Reader
Daily Reader

First sentence says WSJ says they're in $ trouble.

"A source tells the paper that the processed food giant will file.."

No problem understanding that.  .

ScottsMerkin
ScottsMerkin

thats because it was edited after I commented.  Mkaythanksbye

Nick R.
Nick R.

This discourages the possibility of Twinkies out-lasting the zombie apocalypse. 

ChrisYu
ChrisYu

uh oh. when they said invest in gold bars i thought they meant Twinkies.

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