It’s been along time- about 90 years- to find the Twinkies or breads from the Hostess in the store shelves or on our kitchen table. Now this largest wholesale bakers and fresh delivered bread and snack cakes distributors in the United States to file for chapter 11 bankruptcy.
It’s not the first unwanted condition. Once called Interstate Bakeries and based in Kansas City, it filed for bankruptcy protection in 2004. The poor sales and “high fixed costs” is the problem. During the case, the Hostess closed facilities, cut delivery routes and eliminated jobs.
Now, blaming high labor costs and rising prices of sugar and flower for putting the company in debt, the Hostess fell back into bankruptcy about three years after completing an earlier restructuring. The Wall Street Journal said people familiar with the matter told the company is facing a cash crunch with more than $860 million in debt, high labor expenses and rising ingredient costs. So far, there’s no other detail, a spokesman for the privately held Irving, Texas, bakery company declined to comment on the report.
The Hostess which employs about 19,000 workers and operates in 49 states is not the only one, and not the most preferred product. However, many bread lovers have been impressed by its taste and by passed the childhood with the Hostess’s product, and they agree that Twinkies, Ding Dings, Ho Ho’s, or spongy pink Sno Balls have become much more than a packaged snack cake. They always remember the day they spent many a lunch hour in various school cafeterias swapping and bribing the classmates for their Twinkies or Suzy Q’s. They hope it will not be a ‘in memoriam’ product. Will your favorites can only be found in the Twinkies Cookbook ?Read also