[Rori]

Looks like a lot of the brands are going up for sale (breads and snacks). Maybe we will see them again soon?

Quote

In addition to dozens of baking and distribution facilities around the country, Hostess Brands will sell its popular brands, including Hostess®, Drakes® and Dolly Madison®, which make iconic cake products such as Twinkies®, CupCakes, Ding Dongs®, Ho Ho’s®, Sno Balls® and Donettes®. Bread brands to be sold include Wonder®, Nature’s Pride ®, Merita®, Home Pride®, Butternut®, and Beefsteak®, among others.
(from Hostess Brands)

I didn't realize that Hostess owned so many brands...

This post has been edited by Rori: 17 November 2012 - 06:45 PM

[Keiichi-chan]

i'm just gonna say it: little debbie's sucks.
their cupcakes taste like poverty.

i need baller-snack cakes to satisfy my 4am cravings.

[jsieczkar]

Why are people making runs on stores and buying crap at insane prices. Hostess Brands trademarks and recipes are valued at 135 million dollars, the company is worth crap but when the trademarks and recipes go up for auction someone will buy them. This is the biggest trademark to go up for auction General Mills, Kellogg, Nabisco and every other snack cake producer is salivating.

This post has been edited by jsieczkar: 17 November 2012 - 11:34 PM

[KungPowKirby]

Couldn't find Zingers anywhere. I found every other one... Hohos, Twinkies etc. But the pink zingers were all gone! =(

This post has been edited by KungPowKirby: 17 November 2012 - 09:39 PM

[Dark Stranger]

Keiichi-chan, on 17 November 2012 - 07:09 PM, said:

i'm just gonna say it: little debbie's sucks.
their cupcakes taste like poverty.

i need baller-snack cakes to satisfy my 4am cravings.

Hmmm. Maybe that's why I love little debbie so much. being poor and all.

[Jeff]

I just can't feel upset over a snack cakes company going out of business. It is unfortunate for those losing theirs jobs though.

[DarkMimi]

I feel terrible about all those jobs lost. I read the entire article and over 18,000? That is a HUGE number D=

My mother is dead set on making me sell some boxes of the stuff online. Not that I'm opposed to it, but everyone else is hopping on the bandwagon of selling for overzealous prices. Personally? Being a fan of 'snacky-cakes' from Hostess? All I want is a ho-ho and a lemon zinger for myself. Sad to see one of my zombie apocalypse stops going down.

[Alkaren Hyralt]

This is especially bad as those are near 18.5k jobs lost in the Dallas area, where I live.

However, before blaming the unions perhaps you should look at how earlier this year the executives gave themselves (up to a) 300% raises, while filling for Chapter 11, the second time iirc in 10 years. The brand has also been managed by two hedge funds, who will certainly still walk away with a lot of money in the end while all those workers lose everything.

[Wingy Baby]

I'm gluten intolerant and don't/can't eat junk food.

NOW YOU CAN SUFFER LIKE ME.

Those poor workers tho... :\

[XenoBlade]

I kinda want to go buy some hostess stuff to sell on ebay since people obviously don't know how businesses work. lol

[rondo]

Hmm, any chances those nameplates are sold to a company...in china?

[mendokuse]

I remember eating these every once in a while as a kid. We didn't really have them around since most food in the house was filipino. That and my parents didn't really keep junk food around. The Hostess section at my Jewel was gutted. Someone for sure will buy the trademarks up.

[KungPowKirby]

I got a call at work today from someone who just got laid off because of this whole mess. He was basically in tears. I felt so bad for him. He had worked there 20+ years and they laid him off in less then a day. He didn't even get to finish his shift.

[Tiamat97]

good news that i heard was that Bimbo put a bid in for twinkies and i think wonderbread

[rondo]

Tiamat97, on 19 November 2012 - 12:12 PM, said:

good news that i heard was that Bimbo put a bid in for twinkies and i think wonderbread

Is that the one with the bear mascot? Ugh, I hate their current bread.

I'd prefer it if Aunt Millie's got it but I think it will have to be someone with a nationwide network.

This post has been edited by rondo: 19 November 2012 - 01:48 PM

[kahad]

Looks like Hostess might survive:

http://news.yahoo.co...29--sector.html

[Valkyrie]

Haaaaa. Judge sits the CEOs down and says "Shut up, get your sh*t together, grow up, and work this out. No easy way out for you this time."

[Tiamat97]

rondo, on 19 November 2012 - 01:48 PM, said:

Is that the one with the bear mascot? Ugh, I hate their current bread.

I'd prefer it if Aunt Millie's got it but I think it will have to be someone with a nationwide network.

yeah the bear mascot that tells you how to pronounce the name

[Animexcel]

The twinkie will be back. I always loved my twinkies with a glass of milk.

[rondo]

The talks broke down so the liquidation will continue. Now to see who buys them up and the spat over the likely non-unionized workers they will try to hire.

[Valkyrie]

Well, at least it wasn't for lack of trying on the judge's part.

[Dark Stranger]

Kinda said when people will literally throw their own jobs away like that though.

[XenoBlade]

Cute. Hostess execs get 1.75mil im bonuses. Yeah...unions are so evil. :/

[Dark Stranger]

Except a court stopped them from doing that.

[XenoBlade]

Dark Stranger, on 30 November 2012 - 01:13 PM, said:

Except a court stopped them from doing that.

Nope. It's tbe courts that allowed it.

[Dark Stranger]

Really? I'm pretty sure they put a stop to that.

[Valkyrie]

Nope, not as of yesterday

[rondo]

Yeah, the bonuses are going to happen to keep execs in place to sell off the remaining assets (and probably themselves) to other interests.

[Dark Stranger]

While that does sound like a huge D-bag move (and it most likely is), who can say the execs will ever be able to work again. Now granted I don't know anything about any of the execs from any companies, but it seems to me if you're a some bigshot in a company and it goes ka-put, what would be the odds of another company giving you that same postion in their company? It's not like you have a great track record of success. Where as blue collar pepole can always get work in another company. So they proabably have to live off this the rest of their lives. Maybe, not saying it's true by any means. Just a thought that popped into my head.

[jsieczkar]

The current CEO is the 6th one that they have had in 8 years and they all basically brought in completely new management teams. All of them have asked employees to help reduce costs and the employees went along with it for 5 of the management teams. All of the efforts to save the company have come in the form of cutting costs, when in a ten year period your sales plummet from $3.53 billion to $2.34 billion no amount of cost trimming will save a company. When they entered bankruptcy in 2004 the company had $420mil in debt when they exited in 2009 the debt load went up to $640mil, which was 2/3 of the companies total worth. Regardless of what they did the numbers would never add up, in order for a Twinkie stay on the shelf at the current price and pay off the debt the workforce would need to work for free. The equity firms that own the company wanted out I'm sure they knew that the Union would never agree to give up all of the 2 billion dollar pension liability that the company owes them.