July 17, 2013 |
TWINKIES ARE BACK, but they may be a bit smaller than you remember. The new boxes hitting shelves this week list the spongy yellow cakes as having 270 calories and a weight of 77 grams for two cakes, or 135 calories and 38.5 grams for one cake. Right before it went out of business, the predecessor company had said Twinkies were 150 calories per cake. Photos of past boxes online also indicate the weight to have been 42.5 grams per cake. A spokeswoman for Hostess, Hannah Arnold, said in an email yesterday that the size change was made in "mid-2012" by the predecessor company.
July 14, 2013
In the Region Gasoline prices keep climbing U.S. retail gasoline prices are gaining at the fastest pace since February and may keep climbing as crude prices surge and refinery units, including one at the former Sunoco plant in Philadelphia, shut for repairs. Pump prices have risen nationwide four days in a row, advancing 3 cents a gallon to an average of $3.55 Friday, said AAA , the motoring group. AAA said gasoline rose five cents per gallon in the last week in Southeastern Pennsylvania, and eight cents per gallon in South Jersey.
May 14, 2013 |
JOSH HARRIS acquired Twinkies and Hinkie in the same calendar year. Either move could make the billionaire investor look like a Ding Dong. Harris' group of investment sharks, Apollo Global Management, in March bought a piece of Hostess out of bankruptcy. Harris' group of hoops hobbyists, the Philadelphia 76ers, last week hired 35-year-old Stanford MBA graduate Sam Hinkie to be the team's president of basketball operations and general manager. Twinkies have a timeless allure.
January 31, 2013
NEW YORK - Hostess has picked a lead bidder for its famous Twinkies. The bankrupt company said that it has selected a joint offer from two investment firms - C. Dean Metropoulos & Co. and Apollo Global Management LLC - as the lead bid for its Twinkies and other snack cakes. Hostess said that the two are offering to pay $410 million for the snack-cake business and five bakeries. The joint "stalking horse" bid would set the floor for an auction process that lets competitors make better offers.
December 1, 2012 |
NEW YORK - The future of Twinkies is virtually assured. Hostess Brands Inc. got final approval for its wind-down plans in Bankruptcy Court on Thursday, setting the stage for its snack cakes to find a second life with new owners - even as 18,000 jobs will be wiped out, including 400 at the Hostess plant in Northeast Philadelphia. The company said in court that it was in talks with 110 potential buyers for its brands, which include CupCakes, Ding Dongs, and Ho Ho's. The suitors include at least five national retailers such as supermarkets, a financial adviser for Hostess said.
November 23, 2012 |
WASHINGTON - If you're looking for a heartwarming holiday story, look somewhere else. On Wednesday, the eve of Thanksgiving, Hostess Brands notified 15,000 workers that their jobs were being terminated as a bankruptcy judge approved the company's plan to go out of business. Although a flurry of recent activity had raised hopes that the 82-year-old maker of Twinkies and Ding Dongs could be salvaged, on Wednesday everyone involved pointed a finger at someone else. Texas-based Hostess criticized the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union for holding out in a labor dispute.
November 20, 2012 |
DETROIT - Twinkie lovers, relax. The tasty, cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court. Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho's, will be in a New York bankruptcy courtroom Monday to start the process of selling itself. The company, weighed down by debt, management turmoil, rising labor costs and the changing tastes of America, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring.
November 20, 2012
If Hostess Brands dies, it will be bad news for cupcake lovers, but at least some of its baked products may survive. The nearly century-old company last week announced plans to shut down its bakeries, including one in Northeast Philadelphia, and lay off 18,500 employees. But late Monday, Hostess and one of its major unions agreed to a last-ditch mediation session. Hostess had planned to begin a bankruptcy liquidation sale in New York this week. It said it could take up to a year to sell its assets, which include the rights to such iconic brands as Twinkies, Hostess Cupcakes, Ring Dings, and Wonder Bread.
November 19, 2012 |
Twinkie junkies have spoken. Since Hostess Brands Inc. announced Friday that it plans to liquidate and sell its products until supplies are exhausted, Americans have been scooping up Twinkies to get a fix of their beloved snacks. Supermarkets are running out and fans are pushing up prices on eBay. On Friday, shoppers emptied the shelves of Twinkies at a Jewel-Osco store in Chicago. "We may have a few things left, but pretty much we're out of our Hostess stuff," Paul Knoblock, assistant store manager, said in a telephone interview.
November 18, 2012 |
Bundled against the cold, more than a bakers' dozen of union bakers in Northeast Philadelphia continued their strike against a company now trying to sell itself out of business. Hostess Brands Inc., maker of Twinkies, Wonder Bread, Ding Dongs, and Ho Ho's, said Friday it would liquidate the company and put its brands up for sale "to the highest bidders," its chief executive said. Closing would mean the loss of 18,500 jobs nationally, including more than 400 at a Hostess plant in Northeast Philadelphia and several depots around the region.