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    Twinkies Go Bankrupt

    By Dino Grandoni | The Atlantic Wire – Tue, Jan 10, 2012

    Sad news, factory-made baked-good lovers: Hostress, the maker of Twinkies, is filing for bankruptcy -- but it isn't so much because Americans don't find Twinkies delicious anymore. The Wall Street Journal tries to parse out the reasons Hostress needs Chapter 11 protection, which it will file for this week. People losing their appetite for Twinkies is only a slight problem -- Twinkie sales have only declined a slight 2 percent while sales of its cupcakes and other baked goods have remained flat. So we still find those suggestively oblong cream-filled cakes delicious. The Journal says it has more to so with how all the loving hands that go into making them have gotten pricier. "The privately held Irving, Texas, company, which employs roughly 19,000 people and carries more than $860 million in debt, has been facing a cash squeeze amid high labor costs and rising prices for sugar, flour and other ingredients, according to people familiar with the matter," The Journal reports. But don't fret about Twinkies going away forever. The company had to go through a similar Chapter 11 restructuring from 2004 to 2009, but continued to make their golden-baked snacks.

     
     
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    343 comments

    • Dan
      Dan  •  Columbus, Ohio  •  1 mth 13 days ago
      Hostess ding dongs, hohos and twinkies are health food compared with those pricier gourmet muffins like Otis Spunkmeyer - look at the calories....only 70 calories in a Ding Dong....can't beat that compared with 250 in one of those muffins
    • John
      John  •  1 mth 13 days ago
      So the Twinkies will be here long afer the company is gone.
    • perfectlybaked
      perfectlybaked  •  Tacoma, Washington  •  1 mth 13 days ago
      Proofreading is dead these days. That, or budget cuts have lead to a shortage of proofreaders.
    • Capt. Thunderpants
      Capt. Thunderpants  •  Houston, Texas  •  1 mth 13 days ago
      They should quit paying upper management such exorbitant bonuses.
    • ed
      ed  •  1 mth 13 days ago
      Got 400 boxes of Twinkies and 1000 cans of spam......I'll be ready when the big one hits
    • A Yahoo! User  •  1 mth 13 days ago
      "You get a big delight in every bite"
    • woolybooger
      woolybooger  •  1 mth 13 days ago
      Of course the insane salaries of the "executives" has nothing to do with it.
    • HERC75
      HERC75  •  1 mth 13 days ago
      Twinkie the Kid and Little Debbie should elope.
    • ed
      ed  •  1 mth 13 days ago
      would still like to know what tha white stuff is
    • WAYNE
      WAYNE  •  Cleveland, Ohio  •  1 mth 13 days ago
      this is horrible ! twinkies are the best food on the planet! have been a staple of my diet for over 50 years! and the good thing about twinkise is they last ! I had some stored in my garage I forgot about ! they ahve been their since 1971 and I just found them last year! and guess what they were just as tasty as if I had purchased them yesterday! to hell with health food such as apples bannanas etc ! give me twinkies! I better stock up and buy about 5 k of them to last me to the end! because if I cant have twinkies I will commit suicide! some poeplee like beer some like to smoke some like sex me I like to get a gallon of choclate milk aand several packages of twinkies! oh jesus please help me !!!!!!!!!!! dont stop the production of twinkies!!!!!!!!!
    • Gorilla
      Gorilla  •  Washington, District of Columbia  •  1 mth 13 days ago
      A sad day for America's finest manufactured product.
    • William
      William  •  1 mth 13 days ago
      sounds like a job for mitt romney and bain capital ---
      either cut worker pay and pensions and healthcare, or move production to China -- can't you see those container ships full of twinkies?
    • Ticket
      Ticket  •  1 mth 13 days ago
      anybody remember the good old days when the Ho Ho's were in tin foil?
    • zylofone
      zylofone  •  1 mth 13 days ago
      ummm....it's "HOSTESS", not "HOSTRESS". Come on, Yahoo....
    • the-other-guy
      the-other-guy  •  Richmond, Virginia  •  1 mth 13 days ago
      good golly- can't even spell the company name.
    • jeffrey
      jeffrey  •  1 mth 13 days ago
      omg, it is the Armageddon
    • Stevie
      Stevie  •  1 mth 13 days ago
      Woody Harrelson is not going to like this.
    • The Children's Television Jerkshop
      The Children's Televi ...  •  Mt Prospect, Illinois  •  1 mth 13 days ago
      Oh noooooooooooooooooooooooooooooooooooooo!

      No more Wonder Bread? Fruit Pies? TWINKIES???
    • Laura
      Laura  •  Newark, New Jersey  •  1 mth 13 days ago
      Does this mean the 'Twinkie Defense' will no longer be valid in criminal courts?
    • 1
      1  •  1 mth 13 days ago
      What will we eat after a nuclear war?
     Post a comment
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