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1.
Twinkies Sale Approved by Judge -
Wednesday, March 20, 2013
NEW YORK (AP) – A bankruptcy judge on Tuesday 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 Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands to Apollo Global Management and Metropoulos & Co. for $410 million. Evan Metropoulos, a principal of the latter firm, said in an interview that he wants to have the snack cakes back on shelves by June and that the brands could benefit from new flavors and other product extensions.
2.
Hostess Moves on Twinkies Bid -
Wednesday, March 13, 2013
NEW YORK (AP) – 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.
The bankrupt company had earlier picked a $410 million joint offer from Metropoulos & Co. and Apollo Global Management as the “stalking horse” bid to set the floor for an auction. Others were then given a chance to submit competing bids and Hostess CEO Greg Rayburn had predicted the process would be “wild and wooly.”
3.
Wonder Bread Sale Nearing Completion -
Saturday, March 02, 2013
Wonder bread could start appearing in school lunchboxes again soon.
A person familiar with the situation says a bid by Flowers Foods to buy Wonder and several other bread brands from bankrupt Hostess was met with no competing offers. The individual requested anonymity because the auction process is private.
4.
Wonder Bread Sale Nears Completion -
Thursday, February 28, 2013
Wonder bread could start appearing in school lunchboxes again soon.
A person familiar with the situation says a bid by Flowers Foods to buy Wonder and several other bread brands from bankrupt Hostess was met with no competing offers. The individual requested anonymity because the auction process is private.
5.
Hostess Set to Announce Bidders for Twinkies -
Wednesday, January 30, 2013
NEW YORK (AP) – The indestructible Twinkie appears to be one step closer to a comeback.
Hostess Brands is close to announcing that it has picked two investment firms – C. Dean Metropoulos & Co. and Apollo Global Management – as the lead bidders for its Twinkies and other snack cakes, according to a source close to the situation who was not authorized to comment publicly on the talks.
6.
Commission Debates Post-Hostess Bread Prices -
Wednesday, January 30, 2013
Shelby County Commissioners approved a $251,958 contract with a Batesville, Ark., bakery that at least for now has a perceived monopoly on baking and distributing large amounts of bread in the region.
7.
Restaurants See Plenty of Activity in 2012 -
Thursday, January 03, 2013
There were new restaurant openings, expansions and major milestones celebrated.
Alliances were formed, events were debuted and, of course, a few joints were shuttered.
In most respects, 2012 was a banner year for the Memphis food scene, and 2013 could be even more promising, said Patrick Reilly, owner of Majestic Grille and president of the Memphis Restaurant Association.
8.
Hostess Expects to Split Up Snack Cakes in Sale -
Wednesday, December 26, 2012
NEW YORK (AP) – Twinkies, Wonder Bread and Devil Dogs are likely to return to shelves in coming months, but probably not under the same owners.
Hostess Brands Inc. said in bankruptcy court last week that it's narrowing down the bids it received for its brands and expects to sell off its snack cakes and bread to separate buyers. The testimony came from an investment banker for Hostess, which is in the process of liquidating.
9.
Twinkies Maker Hostess has Plenty of Suitors -
Friday, November 30, 2012
NEW YORK (AP) – The future of Twinkies is virtually assured.
Hostess Brands Inc. said Thursday that it's in talks with 110 potential buyers for its iconic brands, which also include CupCakes, Ding Dongs and Ho Hos. The suitors now include at least five national retailers such as supermarkets, a financial adviser for the company said in bankruptcy court. The process has been "so fast and furious" Hostess hasn't been able to make the calls seeking buyers it previously intended, said Joshua Scherer of Perella Weinberg Partners.
10.
Twinkies Maker Hostess Lives at Least Another Day -
Wednesday, November 21, 2012
WHITE PLAINS, N.Y. (AP) – Twinkies will live to see another day.
Hostess Brands Inc. and its second largest union agreed on Monday to try to resolve their differences after a bankruptcy court judge noted that the parties hadn't gone through the critical step of private mediation. That means the maker of the spongy cake with the mysterious cream filling won't go out of business yet.
11.
So Long, Hostess -
Monday, November 19, 2012
Hostess Brands Inc. says it’s going out of business after striking workers across the country crippled its ability to make its Twinkies, Ding Dongs and other snacks.
12.
Wonder Bread Maker Hostess Seeks Bankruptcy Protection -
Thursday, January 12, 2012
NEW YORK (AP) – Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.
13.
Wonder Bread Maker Hostess Seeks Bankruptcy Protection -
Wednesday, January 11, 2012
NEW YORK (AP) – Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.
14.
Interstate Brands Renews, Expands Lease -
Friday, January 14, 2011
Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.