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No More Ho Ho - Hostess Closing

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On eBay...

Hostess Twinkies 10 individually wrapped cakes ONE BOX

$T2eC16dHJIYE9qUcO3l2BQpvO(4WZw~~60_12.JPG


Price: US $10,000.00

Shipping: FREE Expedited Shipping

http://www.ebay.com/itm/Hostess-Twi...591?pt=LH_DefaultDomain_0&hash=item460a33249f
 
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Long Live Twinkies

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. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.


The bankruptcy judge hearing the case said Monday that the parties haven't gone through the critical step of mediation and asked the lawyer for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which has been on strike on Nov. 9, to ask his client, who wasn't present, if the union would agree to participate. The judge noted that the bakery union went on strike after rejecting the company's latest contract offer, even though it never filed an objection to it.


"Many people, myself included, have serious questions as to the logic behind this strike," said Judge Robert Drain, who heard the case in the U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y. "Not to have gone through that step leaves a huge question mark in this case."
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http://www.usatoday.com/story/money/business/2012/11/19/twinkies-hostess-mediation/1715415/
 
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diehardbuckeye;2260655; said:
My only question is how can a company screw up so bad when they are the originators of "the best thing since sliced bread"?
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One of the things rumored was that the company had to hire separate drivers for each product even if they went to the same outlet.
I have to wonder who would have negotiated a contract like that but then again it's not the screwiest contract ive seen.
 
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Bimbo may buy Hostess

s-BIMBO-TWINKIES-large.jpg
Grupo Bimbo, run by CEO Daniel Servitje Montull, might save the twinkie and other Hostess brands.


Grupo Bimbo, a Mexican company that is the world's largest bread baker, might hold the key to saving the Twinkie from extinction in a Hostess liquidation.
Though other companies have shown interest in buying some of Hostess' iconic brands, Bimbo might have the inside track, according to the Christian Science Monitor.
A $10 billion sales business, Bimbo has pushed its way into the baked-goods big leagues through smart acquisitions under the leadership of CEO Daniel Servitje Montull.
In 2010, Bimbo bought the North American fresh-baked unit of Sara Lee for $959 million, according to the Associated Press, and with it, well-known brands like Entenmann's and Thomas' English Muffins.
And this isn't the first time Bimbo has tried to save Twinkies. Bimbo in conjunction with a few others made a bid for the Twinkie-maker during its first bankruptcy 2007, but Bimbo ultimately backed out, according to Forbes.
Bimbo's access to cheap Mexican sugar might also give the company an upper hand. Hostess struggled with high sugar prices in the U.S., which were tied to trade tariffs, according to NBC News. Mexican sugar could help avoid those additional costs, but would also take production -- and manufacturing jobs -- south of the border.
Labor talks between Hostess and the unions that represent most of its 19,000 workers had gone on for months before the company's decision to liquidate Friday.
However, the gap left by departing Hostess jobs could be potentially be filled by other U.S. companies.
?It may well be that other US producers step into the void and expand their US production, in which case the Hostess liquidation might not be a total loss,? says Chris Edwards, a Cato Institute economist, told the Christian Science Monitor.
Twinkie fans have treated the popular snack food like a prized commodity following the news of Hostess' intent to liquidate on Friday. Hawkers on eBay and Craigslist began selling stashes of Hostess products online Saturday, reportedly for hundreds, and even thousands of dollars.
But the strange, snack-cake related behavior doesn't stop there. A bizarre petition urging President Barack Obama to "nationalize the Twinkie industry" circulated in the wake of the Hostess announcement.
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http://www.huffingtonpost.com/2012/11/18/bimbo-twinkies-mexican-hostess-liquidation_n_2155070.html
 
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Hostess Bakery plants shut down due to a workers' strike. The workers were split up. The State Department hired all the Twinkies, the Secret Service hired all the Ho Hos, the generals are sleeping with the Cupcakes, and the voters sent all the Ding Dongs to Congress.

:biggrin:
 
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