Hostess Brands Inc. is filing for bankruptcy, in part due to weak sales of their unhealthy baked goods. However, high labor costs and rising commodity prices on sugar and flour have been cited as the main causes of the company’s financial problems. The privately held company is the largest wholesale manufacturer of fresh bakery products in the U.S., and employs about 19,000 people. In addition to being the makers of Twinkies and other snack cakes, the Hostess‘ brands include Wonder Bread, Nature’s Pride and Drake’s breads.
Hostess Brands is estimated to earn $2.5 billion in sales annually and is said to owe roughly $50 million to vendors, but also is facing a pension plan that is underfunded by $2 billion. This is the second time the company has filed for chapter 11, and hopes to renegotiate labor agreements in bankruptcy court.
Happy Cupcake Week! Let’s celebrate with a nice sundae, and then next week, we can celebrate Run on the Treadmill for 10 Hours a Day Week!
Gourmet cupcakes have become all the rage, but Hostess cupcakes will always be the original, offering delicious little treats in one easy to eat package.
While an occasional indulgence is encouraged for mental health and for the safety of others around you, it isn’t an excuse to go buck wild. For some reason, as the obesity epidemic continues to grow, the trend of combining already unhealthy foods with other even more unhealthy foods continues to get more and more extreme. At first, we thought the KFC Double Down was bad, but one look at Epic Meal Time makes the sandwich look like a grilled chicken salad.
This week is Cupcake Week and Hostess isn’t content to just push their cupcakes. They’ve jumped on the how-ridiculous-can-we-get bandwagon by offering you an exciting new recipe sure to rot your teeth out and add a few inches to your hips: the Hot Fudge Cupcake Sundae.