Grupo Bimbo Reportedly Planning Twinkie Knockoff
Grupo Bimbo, which lost out on the bidding for the Twinkie brand, may be planning to bake up an imitation of the iconic product, The New York Post reports.
Grupo Bimbo, which lost out on the bidding for the Twinkie brand, may be planning to bake up an imitation of the iconic product, The New York Post reports.
A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.
Hostess is moving ahead with plans to sell its Twinkies and other snack cakes after nobody stepped forward to top an offer made by two investment firms.
Twinkies, Wonder Bread and Devil Dogs are likely to return to shelves in coming months, but probably not under the same owners.
Companies get into fights all the time: in the courts, through their advertising, in contract negotiations with partners, and even with their own workers. To some extent, it's just business as usual -- but when those fights escalate, it's often consumers who feel the pain.
Hostess Brands lived to die another day. The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second-biggest union. As a result, Hostess will be in court Wednesday asking for a bankruptcy judge for permission to shutter its operations.
Twinkies won't die that easily after all. Hostess Brands and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet.
Twinkie lovers, relax: Your snacks are likely to survive, even though Hostess Brands will not. Despite the problems that led Hostess to bankruptcy court, its high brand recognition and strong revenues ensure other companies will bid for at least slices of its baked goods empire.
Today, Hostess Brands announced plans to go out of business. In honor of the Twinkies maker -- and the empty calories of our youth -- some of AOL's writers decided to revisit our favorite Hostess treats.
Hostess Brands says it is going out of business, closing plants that make Twinkies and Wonder Bread and laying off all of its 18,500 workers. The Irving, Texas, company blamed its troubles on a nationwide worker strike.











