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June 24, 2013

Guess who’s back…

  • July 15 The day that Twinkies will make their long-awaited return to store shelves, complete with a new tagline: ‘‘The Sweetest Comeback In The History Of Ever.’’ While Twinkies are expected to return exactly as they were, some of the other returning Hostess snack cakes will apparently have modified recipes. Those in smaller cities and towns will also be happy to hear that changes to the company’s operations division have also drastically increased the number of stores which can receive fresh product shipments straight from Hostess. source
16:22 // 10 months ago
November 29, 2012

Likely brand sales won’t keep Hostess from screwing employees out of millions

  • $1.1M in monthly retiree benefits will not be paid by Hostess during the company’s liquidation process according to an attorney for the company.
  • $1.5M was collected by Hostess CEO Gregory Rayburn during fiscal 2012 — an average monthly salary of $125,000 — before bonuses or other incentives.
  • $1.8M has been set aside for the incentive bonuses of 19 Hostess executives, bonuses which the company argues are needed to retain the corporate officers and other high-level managers. Maybe it’s just us, but does this sound like, “Let us pay ourselves another $2 million, or we’ll quit too!” to anybody else?source
17:27 // 1 year ago
November 21, 2012

Twinkie deals: Hostess liquidation gets tons of interest

  • 50+ companies have signed non-disclosure agreements in order to open discussions with Hostess about the possibility of purchasing one or more of the snack maker’s most famous brands. While the company’s chances are looking increasingly grim, it doesn’t look like the closing of Hostess will be the end of many people’s favorite snacks. The company has also reportedly received several buy-out offers, though none were actionable according to Hostess. source
15:25 // 1 year ago
November 19, 2012
Pastry News of the Day: Although news of Hostess’ impending liquidation continues to tear at the heartstrings of many Americans, we can rest assured that the Twinkie may, in fact, live on as a subsidiary of Pabst Brewing Company. Ernie is hoping for PBR-flavored Twinkies to emerge from this sale. (It’s like dipping them in water, right? — Ed.) Personally, I’m horrified that two things I do not even remotely enjoy might Voltron together into a dangerous combination of awful that will likely plague any/every social gathering I attend here in Colorado. — Scott @ SFB
Update: Apparently the universe is on our side Tumblr. There won’t be PBR Twinkies after all.

Pastry News of the Day: Although news of Hostess’ impending liquidation continues to tear at the heartstrings of many Americans, we can rest assured that the Twinkie may, in fact, live on as a subsidiary of Pabst Brewing Company. Ernie is hoping for PBR-flavored Twinkies to emerge from this sale. (It’s like dipping them in water, right? — Ed.) Personally, I’m horrified that two things I do not even remotely enjoy might Voltron together into a dangerous combination of awful that will likely plague any/every social gathering I attend here in Colorado. — Scott @ SFB

Update: Apparently the universe is on our side Tumblr. There won’t be PBR Twinkies after all.

14:35 // 1 year ago
November 16, 2012
21:05 // 1 year ago
17:33 // 1 year ago
November 15, 2012
Could these Twinkies outlast their parent company? Apparently, Hostess set a 5pm EST Thursday deadline for their striking employees to return to their jobs — or the company would liquidate, resulting in a loss of 18,000 jobs. “We simply do not have the financial resources to survive an ongoing national strike,” the company’s CEO, Gregory F. Rayburn, said Wednesday. The company won’t make a final decision until Friday, but now seems like a good time to stock up on some HoHos. (photo by Christian Cable/Flickr)

Could these Twinkies outlast their parent company? Apparently, Hostess set a 5pm EST Thursday deadline for their striking employees to return to their jobs — or the company would liquidate, resulting in a loss of 18,000 jobs. “We simply do not have the financial resources to survive an ongoing national strike,” the company’s CEO, Gregory F. Rayburn, said Wednesday. The company won’t make a final decision until Friday, but now seems like a good time to stock up on some HoHos. (photo by Christian Cable/Flickr)

18:45 // 1 year ago
January 11, 2012
mattstopera:

TRUTH

Glad to see Hostess can stay so optimistic considering the day’s news. The reason they’re going bankrupt probably involves too many snack parties.

mattstopera:

TRUTH

Glad to see Hostess can stay so optimistic considering the day’s news. The reason they’re going bankrupt probably involves too many snack parties.

11:18 // 2 years ago
Not the Twinkies! Hostess files for Chapter 11 bankruptcy
Too many employees, too much debt: Hostess, the company that makes Twinkies, HoHos, Ding Dongs, Zingers and other amusingly-named foods (including Wonder bread), says that it has too many legacy payments. With 12 unions making up 83 percent of its 19,000 employees, the company says it ”is not competitive, primarily due to legacy pension and medical benefit obligations and restrictive work rules.” The company, which is still negotiating with its unions, will stay in business thanks to $75 million in financing from lenders. (photo by Like_the_Grand_Canyon on Flickr) source
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Too many employees, too much debt: Hostess, the company that makes Twinkies, HoHos, Ding Dongs, Zingers and other amusingly-named foods (including Wonder bread), says that it has too many legacy payments. With 12 unions making up 83 percent of its 19,000 employees, the company says it ”is not competitive, primarily due to legacy pension and medical benefit obligations and restrictive work rules.” The company, which is still negotiating with its unions, will stay in business thanks to $75 million in financing from lenders. (photo by Like_the_Grand_Canyon on Flickr) source

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10:42 // 2 years ago