Tuesday, March 12, 2013

Twinkies Coming Back

     Several months ago, the Hostess snack company went bankrupt. In late November they closed their factories due to struggling finances. Hostess had lost many customers because of other cheaper competitors. The knock-off brands had created snacks that tasted the same, but were cheaper.
     It is possible that Twinkies will be on the shelves very soon. Founder Dean Metropoulos said the firm was looking forward to having "America's favorite snacks back on the shelf by this summer." However, this is not as easy said than done. Previously, Hostess CEO Greg Rayburn had predicted the process would be "wild and wooly." 
     Hostess had also canceled an auction for its Wonder and other major bread brands after no competing offers were made. The final sales of the breads and Hostess snack cakes are set to be approved in bankruptcy court on March 19. Hostess has a great deal of work and bargaining to go through before it is able to come back to the shelves of markets and other good stores.

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