Forum adverts like this one are shown to any user who is not logged in. Join us by filling out a tiny 3 field form and you will get your own, free, dakka user account which gives a good range of benefits to you:
No adverts like this in the forums anymore.
Times and dates in your local timezone.
Full tracking of what you have read so you can skip to your first unread post, easily see what has changed since you last logged in, and easily see what is new at a glance.
Email notifications for threads you want to watch closely.
Being a part of the oldest wargaming community on the net.
If you are already a member then feel free to login now.
2012/01/10 18:29:06
Subject: Maker of Tweeknies about to file bankruptcy
Hostess Brands, Maker of Wonder Bread and Twinkies, Prepping Bankruptcy Report
Updated: Tuesday, 10 Jan 2012, 10:53 AM EST
Published : Tuesday, 10 Jan 2012, 10:34 AM EST
UNDATED - There's a report that Hostess Brands, the maker of Wonder Bread and Twinkies, is preparing to refile for Chapter 11 bankruptcy protection just two years after emerging.
A spokesman for the privately held company declined to comment on the Wall Street Journal report.
The newspaper says people familiar with the matter said the company is facing a cash crunch with more than $860 million in debt, high labor expenses and rising ingredient costs.
When the company, then called Interstate Bakeries, filed for bankruptcy protection in 2004, it blamed low sales and high fixed costs. It emerged in February 2009.
Hostess Brands employs about 19,000 workers and operates in 49 states. Annual sales are about $2 billion, according to the company's website.
Copyright AP Modified, Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
2012/01/10 18:36:59
Subject: Re:Maker of Tweeknies about to file bankruptcy
Seriously, if Twinkies and Wonderbread can disappear from the shelves, what hope do the smaller companies have? And where the hell will I get my expensive Twinkie fix from now? (I have to buy them from the Internet)......
2012/01/10 20:49:44
Subject: Maker of Tweeknies about to file bankruptcy
Seems like the company has been doing horrible since ITT sold it off.
IBC Continental Baking just got out of their previous bankruptcy in 2009 - only after closing down a significant number of bakeries, stores and laying off 10,000 employees. Shares went down from $30+ to almost $1 prior to the bankruptcy filing. It seems like they just couldn't get the company going.
Oh well there is always this:
or even this:
This message was edited 2 times. Last update was at 2012/01/10 21:02:16
2012/01/10 21:29:37
Subject: Maker of Tweeknies about to file bankruptcy
Depends what chapter they are going for. Twice in three years? if may be dissolution time. EDIT: you're right, chapter 11 still a going concern. Probably cram the debt.
This message was edited 1 time. Last update was at 2012/01/10 21:39:40
-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
2012/01/11 01:35:39
Subject: Re:Maker of Tweeknies about to file bankruptcy
Just don't mess with my chocolate cake or Frazzled starts blasting away!
-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
2012/01/11 04:31:11
Subject: Maker of Tweeknies about to file bankruptcy
This message was edited 1 time. Last update was at 2012/01/11 06:01:50
"Did you notice a sign out in front of my chapel that said "Land Raider Storage"?" -High Chaplain Astorath the Grim Redeemer of the Lost.
I sold my soul to the devil and now the bastard is demanding a refund!
We do not have an attorney-client relationship. I am not your lawyer. The statements I make do not constitute legal advice. Any statements made by me are based upon the limited facts you have presented, and under the premise that you will consult with a local attorney. This is not an attempt to solicit business. This disclaimer is in addition to any disclaimers that this website has made.
2012/01/11 06:14:14
Subject: Maker of Tweeknies about to file bankruptcy
Guess it's a sign that people are eating a little healthier? Maybe? Eh?
Very sad, although I'm not a junk food person. I think I've had maybe three twinkies in my whole life. I should go for at least 10 before they disappear
If only ZUN!bar were here...
2012/01/13 04:36:43
Subject: Maker of Tweeknies about to file bankruptcy
...May as well go for broke now everyone's apoplectic; I don't plan to have one either...
*runs*
Mandorallen turned back toward the insolently sneering baron. 'My Lord,' The great knight said distantly, 'I find thy face apelike and thy form misshapen. Thy beard, moreover, is an offence against decency, resembling more closely the scabrous fur which doth decorate the hinder portion of a mongrel dog than a proper adornment for a human face. Is it possibly that thy mother, seized by some wild lechery, did dally at some time past with a randy goat?' - Mimbrate Knight Protector Mandorallen.
Excerpt from "Seeress of Kell", Book Five of The Malloreon series by David Eddings.
"You need not fear us, unless you are a dark heart, a vile one who preys on the innocent; I promise, you can’t hide forever in the empty darkness, for we will hunt you down like the animals you are, and pull you into the very bowels of hell." Iron - Within Temptation
2012/01/13 10:29:37
Subject: Re:Maker of Tweeknies about to file bankruptcy
I returned the favour with "Tim Tams". I won the challenge.
They get a box of them off me every year for Christmas since. They return the favour by never mentioning Twinkies ever again (if they do, their supply will be cut off. Sure, they CAN get them over there at vastly inflated prices, but then they'd have to BUY them themselves).
I'm OVER 50 (and so far over everyone's BS, too).
Old enough to know better, young enough to not give a ****.
That is not dead which can eternal lie ...
... and yet, with strange aeons, even death may die.
2012/01/13 11:04:22
Subject: Maker of Tweeknies about to file bankruptcy
Mandorallen turned back toward the insolently sneering baron. 'My Lord,' The great knight said distantly, 'I find thy face apelike and thy form misshapen. Thy beard, moreover, is an offence against decency, resembling more closely the scabrous fur which doth decorate the hinder portion of a mongrel dog than a proper adornment for a human face. Is it possibly that thy mother, seized by some wild lechery, did dally at some time past with a randy goat?' - Mimbrate Knight Protector Mandorallen.
Excerpt from "Seeress of Kell", Book Five of The Malloreon series by David Eddings.
"You need not fear us, unless you are a dark heart, a vile one who preys on the innocent; I promise, you can’t hide forever in the empty darkness, for we will hunt you down like the animals you are, and pull you into the very bowels of hell." Iron - Within Temptation
2012/01/15 03:21:59
Subject: Maker of Tweeknies about to file bankruptcy
Mandorallen turned back toward the insolently sneering baron. 'My Lord,' The great knight said distantly, 'I find thy face apelike and thy form misshapen. Thy beard, moreover, is an offence against decency, resembling more closely the scabrous fur which doth decorate the hinder portion of a mongrel dog than a proper adornment for a human face. Is it possibly that thy mother, seized by some wild lechery, did dally at some time past with a randy goat?' - Mimbrate Knight Protector Mandorallen.
Excerpt from "Seeress of Kell", Book Five of The Malloreon series by David Eddings.
"You need not fear us, unless you are a dark heart, a vile one who preys on the innocent; I promise, you can’t hide forever in the empty darkness, for we will hunt you down like the animals you are, and pull you into the very bowels of hell." Iron - Within Temptation
2012/01/15 04:03:29
Subject: Maker of Tweeknies about to file bankruptcy
THATS why Lucas made that god awful part in that movie. He somehow knew this was going to happen. That is the only time the NOOOOOOOOOOOOOOOOOOOO is appropriate I think
2012/01/16 16:27:53
Subject: Maker of Tweeknies about to file bankruptcy