THE BANKRUPTCY THAT ROCKED THE MARKET

Hostess sales tot up $860m

Hostess Brands has closed all asset sales and pulled in $860m; a figure a little less than the worth of the company but expected given the speed of the sell-offs,...

News in brief

Flowers Foods obtains $300m loan to help finance acquisition of Hostess' bread business

Flowers Foods has obtained a $300m loan to help finance its acquisition of Hostess Brands' bread business.

News in brief

Hostess latest: United States Bakery wins Sweetheart, Eddy’s, brands; Flowers to take brands to new areas

United States Bakery has won the auction for the Sweetheart, Eddy’s, Standish Farms and Grandma Emilie’s brands as part of the sell off of chunks of the Hostess Brands empire....

McKee Foods secures Drake’s portfolio as Hostess cancels auction

It’s too early to say when Devil Dogs and Ring Dings will be back on shelves, but they - and other brands in the Drake’s snack cake portfolio - will...

How will new owners stage a Twinkies revival?

Apollo and Metropoulos will have to work hard to drive forward Hostess’ snack cake brands in a saturated market but dollar stores could hold promise, an analyst says.

Flowers Foods wins majority of Hostess bread assets for $360m without auction

Flowers Foods has won the bid for a majority of Hostess bread assets including Wonder Bread and Nature’s Pride outside of auction after no other bidders stepped forward.

Baker’s union boss: 'I’m here to set the record straight on Hostess Brands'

While Hostess Brands has placed the blame for its demise squarely on the shoulders of the Baker’s union, its boss says his members rejected the company’s final collective bargaining offer...

Metropoulos, Apollo see ‘significant potential for renewed growth’ for Twinkies, Ho Hos, Zingers

Hostess Brands has chosen a joint $410m offer from two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management LLC — as the lead bid for Twinkies...

Hostess picks next two stalking horse bidders for Drake's and additional bread brands

Hostess Brands has selected stalking horse bidders for its Drake's snack cake brand and for its Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's bread brands.

Hostess gears up for Feb 28 auction for Wonderbread et al and says Drakes deal is close

Hostess Brands Inc. has won permission from the bankruptcy court to sell most of its bread brands at auction on February 28, and says it will submit plans to sell...

Ex-striking Hostess union says it will support and work with bidders

The president of Hostess Brands' BCTGM workers union has said its members are looking to support and work with well-capitalized bidders.

Wondering about Wonder Bread? ‘Brand equity is the best thing going for it by a long shot’, says analyst

Brand equity is the best thing Wonder Bread has going for it by a long shot and future business strategies should hinge on this, an analyst says.

Flowers Foods emerges as first stalking horse bidder for Hostess Brands' assets

Georgia-based Flowers Foods has emerged as the first ‘stalking horse’ bidder for assets from bankrupt baker Hostess Brands.

Hostess: We expect to establish up to six stalking horse bidders for Twinkies et al

Bankrupt Twinkies and Wonder Bread maker Hostess Brands says it expects to establish up to six ‘stalking horse’ bidders for its iconic bakery brands when bids are presented to the...

The Twinkie tale: Hostess set to survive overseas?

Up-for-sale Hostess Brands has had strong interest from international firms looking to snap up its iconic brands, the company has said.

Hostess Brands: Bosses deserve $1.75m in bonuses… if they meet tough targets for asset sale

The $1.75m in bonuses to be shared by bosses at Hostess Brands should they meet targets relating to the sell-off of its assets are “below market rates” and “completely routine”, says...

Hostess update: Union asks court for trustee to oversee liquidation

The bakers' union of Hostess Brands has asked the court overseeing the firm’s bankruptcy to appoint a Chapter 11 trustee to safeguard an orderly wind-down.

Hostess Brands: Let the bidding commence…

Twinkies, Wonder Bread, Ding Dongs et al. are up for sale as Hostess Brands wins approval to wind down operations and sell all assets.

Hostess fallout: Twinkie imitations, Wonder Bread t-shirts and free publicity

The nearly extinct Twinkie has received a scurry of free publicity over the past two weeks and the saga may just lead to Wonder Bread t-shirts and Twinkie imitations coming...

Hostess Brands throws in the towel: Strikes cause full business closure

Twinkies and Wonder Bread maker Hostess Brands has today filed a motion with the US Bankruptcy Court for permission to close the business and sell all assets.

Hostess Brands latest: We’ll liquidate if striking employees aren’t back at work by 5.00pm EST today

Twinkies and Ding Dongs maker Hostess Brands says that if employees on strike are not back at work by 5pm EST today, it will move to liquidate the company.

Hostess to union: If strikes continue we’ll liquidate company 'in a matter of days, not weeks'

Twinkie maker Hostess Brands says that if strike action at its bakeries does not end soon, it will move to “liquidate the company in a matter of days, not weeks”.

Hostess Brands strike prompts three bakery closures; 627 jobs cut

Hostess Brands has permanently shut down three bakeries today as a result of nationwide union strikes; equating to 627 job losses.

Hostess: Our chances of exiting Chapter 11 will ‘evaporate’ if union members strike

Twinkies-maker Hostess Brands says it hopes it will be able to exit Chapter 11 in a few months, but has warned employees in the Bakery, Confectionery, Tobacco Workers and Grain...

Hostess gets green light to impose pay-cutting deal on union; insists 'there are no viable bidders'

Twinkies maker Hostess Brands has got the green light from the bankruptcy court to force members of the union representing a big chunk of its staff to accept a deal...