Posted on 06/23/2013 10:19:22 AM PDT by TaxPayer2000
NEW YORK Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month.
The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners and a leaner structure. It says it plans to have Twinkies and other snack cakes back on shelves starting July 15.
Based on the outpouring of nostalgia sparked by its demise, Hostess is expecting a blockbuster return next month for Twinkies and other sugary treats, such as CupCakes and Donettes. The company says the cakes will taste the same but that the boxes will now bare the tag line "The Sweetest Comeback In The History Of Ever."
~~SNIP~~
Hostess Brands Inc. was struggling for years before it filed for Chapter 11 bankruptcy reorganization in early 2012. Workers blamed the troubles on years of mismanagement, as well as a failure of executives to invest in brands to keep up with changing tastes. The company said it was weighed down by higher pension and medical costs than its competitors, whose employees weren't unionized.
(Excerpt) Read more at startribune.com ...
Workers are kind of right about this mismanagement. Once the owners got into agreements to pay pension deals and four-star medical insurance...they were on a path where products had to escalate. And the truth is...you are only willing to pay a certain amount for Twinkies or such. As for those unemployment bakers? Well...good luck. You might have to move, and accept a forty-percent pay cut.
How about the cupcakes? They were my weakness.I think I read that the same union that killed Hostess in the first place was causing trouble for the company that bout the rights to the recipes.I wonder if they’ll succeed.
Set up the picketlines we can’t allow them to make a comeback after displacing thousands of hard working members of the Bakers union. Look at all the teamsters who lost their jobs too.
all of them will be shopping at their local wal-mart buying the new twinkes too with their SNAP cards.
Sales will be through the roof, stocks will soar, people get twinkies ... and the union idiots that caused it all are STILL unemployed.
I’m lovin it.
WAtch for the PR smears from unions/Democrats to follow.
Yay!!! but they still can’t hold a candle to a Tastycake
Waiting for a pack on two cupcakes, 1 orange and 1 chocolate
I remember when they were 12 cents for the whole package . . . sigh :(
The correct word to use in this case is "bear", not "bare". Candice Choi and her editor may be the biggest morons in the history of ever.
I take that back. The unions who killed Hostess win that prize. Talk about Sweet.
How the heck is this possible? The Marxists assured us with GM/Chrysler that jobs and business would be lost forever (and ever) after bankruptcy.
Yeah, but you had to work an half an hour to earn that 12 cents, right!
Funny, haven’t had a Twinkie in years but I miss them?
Sounds like the Teamsters will be the biggest losers. Sure, some of the bakers came back as non-union and probably took a healthy pay cut. But the whole delivery mechanism was jettisoned, buried next to Jimmy Hoffa.
No, but my parents probably did . . .
I didn't want them to mess with the chocolate cupcakes. Those were my favorites ever since I was a little girl. Next I loved the Snoballs.
Well anyway, the Tribune did a pretty decent job of it. Apollo is on the stock exchange, Metroupolos is a private investor. The stock could be doing better if more people knew this was one of their enterprises. Any articles you will find about Apollo (and they have associated companies with different ticker symbols so don't get them mistaken) mentions nothing about any of this, just generalized information about their global investments.
People in Kansas are happy to get their old jobs back I read in a KS local paper yesterday, think it is Emporia. There is nothing to stop them from re-unionizing down the line.
I saw some new products that looked like Hostess and wondered if some old employees stole the recipe. They look different and taste terrible. I thought Little Debbie not too bad in a pinch. I love the raspberry coconut bars. Shouldn't eat too much of the stuff.
And Beefsteak which I loved, the black Russian rye, went to Flowers so I doubt I'll see it on the shelves here. Pepperidge Farm is good if they're aren't out. It makes yummy grilled cheese sandwiches.
Hostess and I go back to my childhood with a plant here and outlet stores. We had the bread in the polka dot package. It's moist and spongy. My father finally said it wasn't fit to eat. That was before I knew what really good white bread should taste like. But the smells that wafted off that plant on baking day were heavenly. The plant is still here; I don't know what they will do with it.
So that's why I take such an interest in this particular enterprise and wish them well.
Nice catch!
We have a sweet shop across the main street from our neighborhood. Friend gave me ‘Hostess’ cupcakes from there the other day. They looked and tasted just like Hostess cupcakes. lol
Its Not Just Twinkies: All The Products Made By Hostess
http://blogs.wsj.com/corporate-intelligence/2012/11/16/its-not-just-twinkies-all-the-products-made-by-hostess/
Mine too. They can keep the Twinkies. I liked Ho-Ho's too.
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