.

(Possible) Death of the Ding-Dong, Twinkie, Wonder Bread: End of an Era?

Reports are that Hostess is starting to close down after a labor dispute. End of a beloved era, or good riddance to junk food heaven?

 

Twinkies. Hostess Cupcakes. Wonder Bread. Ding-dongs.

They could be gone forever, with reports that Hostess Brands, Inc., said today that it will sell off or close down its 82-year old business. Done in, says the CEO, by labor union action.

Hostess filed for Chapter 11 bankruptcy protection in January.

The company has been challenged by not only by snarly labor relations, and a national strike by its second-largest labor union, but also, posits the Wall Street Journal, by consumers switching to healthier foods and high ingredient costs. 

But the Journal says that Hostess has threatened liquidation before, and not followed through. 

But if it does liquidate, what do you think about this end to a junk-food kingdom? Will you buy some Ding-dongs and Twinkies just for old times' sake? Stock up on them for the future? Watch the beginning of the move 'Wall-E' for the Twinkie-and-cockroach scene one more time? Is it the end of a beloved era? Or is it 'good riddance,' that the world would be better off without so much junk food? Or do you think someone else will buy them up, and we'll have an unending supply of Twinkies? Tell us what you think in the comments section below.

Dennis O'Donnell December 10, 2012 at 08:57 PM
If you understand all this, then what's your issue with them? There are much worse things going on in the world and far worse people. Do you know any people in PE? They're generally like everyone else. There are some great people; there are some "not-so-nice" people; and a whole lot in the middle.
Karla Vallance December 10, 2012 at 09:02 PM
Thank you!
Steven Cavaretta December 10, 2012 at 09:09 PM
My issue is that they destroy companies lives and towns to make a buck then they say its carried interest pay no taxes all the while screaming about the 47%. Your in pe sorry if the truth hurts.
Dennis O'Donnell December 10, 2012 at 10:39 PM
You should direct your ire at the management that drove these companies into the ground in the first place. They destroyed the companies and the lives and the towns. The PE firm didn't put them in that position. Plus, they're not breaking any laws by paying the legal tax rates for carried interest. Who wants to pay higher taxes? Especially when the government is pretty inefficient at spending it wisely. No one. But, yes, the 47% comment was insensitive and unfortunate. It is also irrelevant to this discussion because that was Mitt Romney, candidate, speaking to donors (not all of whom are private equity). It was not the Private Equity industry and part of their strategy (which is what I thought we were discussing). I'm just trying to clarify the realities of what PE is and what it isn't. The truth never hurts.
x December 10, 2012 at 11:11 PM
In Michigan, brave Governor Snyder and courageous Republican legislators take on the union hackerama and now... The Chosen One. Let us hope Michigan becomes a right-to-work state. Reverend E. Raleigh Pimperton III

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »