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Sunday, November 25, 2012

Poll: Which Hostess Products Should Survive?

Hostess is being liquidated which means that some of the companies brands could be bought by another company and continue on.

Hostess won permission this week from a U.S. Bankrupcty judge to liquidate and sell off its brands, the Chicago Tribune reported. The bankruptcy of 82-year-old company will cost about 15,000 people their jobs immediately, with another 3,200 people to be let go in coming months, the newspaper reported. Although Hostess was a troubled company with more than $1 billion in debt, its iconic brands still generated more than $2 billion in revenue a year. So it is quite possible that someone will buy some of the company's products as part of the liquidation.

hongfeng

11:28 pm on Tuesday, January 8, 2013

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