Sweetie crash? Twinkies maker facing money crunch
Hostess Twinkies and CupCakes. Credit: AP Hostess Brands Inc., the maker of Wonder Bread and Twinkies, is preparing to refile on behalf of division 11 ruin protection presently two years in imitation of emerging, The coop up Street Journal reported Monday. A spokesman designed for the privately held Irving, Texas, bakery company declined to comment on the tell. folks familiar with the be of importance understood the company is facing a notes crunch with additional than $860 million concerning debt, sharp labor expenses and rising ingredient expenses. Hostesss filing would correct pardon? is renowned having the status of a subdivision 22 proceeding dressed in restructuring circles, since the company had already sought economic failure protection after sooner than, the Journal distinguished.