Twinkie Manufacturer Hostess Files For Bankruptcy

Hostess products have been American staples for years.  What kid didn’t have a Twinkie or a Ho-Ho in their lunch box at least once over the course of their life?  Everyone had their favorite Hostess pastry – I myself fancied a Ring Ding or a Yodel from time to time.

However, things aren’t so sweet for Hostess nowadays.  The Irving, Texas based company filed for Chapter 11 bankruptcy this afternoon citing the fact that they owe more than $1 billion to between 50,000 and 100,000 creditors.

Founded in 1930, Hostess managed to survive the Great Depression and became an icon of Americana.  Over the years, Hostess products such as Sno-Balls, Zingers, Suzy Q’s, and Ding Dongs have lined grocery market aisles and never leave consumers disappointed.  However, with more emphasis on healthy living and eating placed on consumers, Hostess saw a decline in sales over the past few years.

Attempts to sell the company were unsuccessful – Hostess reached out to Oreo maker Kraft Foods and Campbell’s Soup’s Pepperidge Farm as possible suitors.

The bankruptcy filing leaves around 19,000 employees’ jobs in limbo.

To read more about Hostess filing for bankruptcy, click here.  Also, if you want to read an interesting take on how the Twinkie brand will live on, click here.

Stay Connected How you want, when you want

SUBSCRIBE

See the latest from ZING

, , , , , , , , , , , , , , ,

No comments yet.

Leave a Reply

Connect with Facebook