POLL: Which Hostess Treat Will You Miss the Most?
The Irving, TX-based company Hostess announced Friday that it is going out of business.
No more Twinkies? Ho Hos? Wonder Bread? Hostess Brands, Inc. announced Friday that it's closing all of its operations due to combining factors of declining profitability, bankruptcy, and—the icing on the cupcake—a strike by one of its largest union worker contingencies. According to a release from the company, the end of Hostess will mean the loss of 18,500 jobs and the shuttering of 33 bakeries, 565 distribution centers, about 5,500 delivery routes and 570 bakery outlet stores throughout the United States. It's not clear yet whether the closure will mean the end to all of Hostess' sweet treats. CEO Gregory Rayburn said the company hopes to sell off most of its bigger brands, according to the Wall Street Journal. “I’m certainly hopeful we …
Your friendly (not) local Farmington Hills Curmudgeon!!
9:16 am on Wednesday, November 21, 2012
I would like to point out that BAIN CAPITAL bought Dominos Pizza many years ago and due to the fact that ALL PARTIES involved COOPERATED in the company restructure... that now Dominos Pizza is not only alive and well but it has AMAZING good pizza that gets to you door VERY HOT. And save the negative comments about Dominos Pizza. If you have not tried it lately - then you don't know how good it is… more ›