Twinkies’ future could be union-free
The new owners of Hostess are starting up production again. But there’s no mention of labor unions.
The new owners of Hostess are starting up production again. But there’s no mention of labor unions.
A bankruptcy judge has given final approval for the sale of Twinkies, Wonder Bread and many of Hostess Brands’ other assets, clearing the way for the iconic products to return to shelves.
The winning bid is a joint venture by private equity firms Apollo Global Management and Metropoulos & Co.
Wonder Bread may soon have a new owner. But there is still no buyer for Twinkies just yet.
Twinkies could be back on store shelves again within weeks.
The company asked for a judge’s approval to give their top executives bonuses totaling nearly $2 million dollars.
Wednesday a bankruptcy judge approved a request to liquidate the 82-year-old company.
CEO Greg Rayburn said the company needs a final decision on Tuesday.
Hostess Brands will ask a bankruptcy judge Monday for approval to shut down the company and pay $1.75 million in executive bonuses.
Customers say Hostess products brings back memories.
Just hours after Twinkies maker Hostess declared it will shut down for good, grocery stores nationwide are already experiencing a run on Twinkies.
The closing will result in Hostess’ nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide.