April 29, 2013 |
This post has been corrected. See the note at the bottom for details. Crack open the Ho Hos and Twinkies you've been hoarding. The new Hostess Brands said Monday that it would open bakeries in Indianapolis, Indiana and Illinois. The announcement came a week after Hostess Brands said it planned to reopen and hire for its bakeries in Georgia and Kansas. Hostess filed for Chapter 11 bankruptcy in 2012. In November, a federal bankruptcy judge gave Hostess the go-ahead to wind down after failed negotiations with its striking bakers union.
March 19, 2013 |
So here you are at Hinoki & the Bird, a new restaurant in Century City where detail in pursuit of high-concept extends right down to the shoelaces worn by the waitstaff. The entrance overlooks a sunken dining room awash in warm light, "a Bond-villain lair" as described by Jonathan Gold in a recent review. At the bar are suave cocktails such as gin and lemon poured over crushed grapes, and in the open kitchen, you'll see thin sheets of the hinoki - a fragrant wood - set on fire then sent out on plates of black cod. A large patio of diners might seat a few celebrities.
March 12, 2013 |
Twinkies, the cult favorite snack brand orphaned by its liquidating parent company, Hostess Brands Inc., may have a new home. The popular product, along with Hostess brands such as CupCakes, Ho Hos and Ding Dongs, is being sold to private equity firms Apollo Global Management and C. Dean Metropoulos & Co. for $410 million. The companies submitted the only qualified bid by the deadline set by the Bankruptcy Court overseeing Hostess' case. The purchase, which includes five bakeries and certain equipment, is headed to court March 19 for final approval.
January 29, 2013 |
The dismantling of Hostess Brands Inc. continued this week as bidders, including the owner of Pabst Brewing Co., emerged to buy the bankrupt company's bread and cake brands. C. Dean Metropoulos & Co., the private equity firm that owns the popular Pabst beer label, is one of the likely stalking horse bidders for Hostess cake brands such as Twinkies, Ho Hos, Ding Dongs and CupCakes, according to a person close to the deal. Metropoulos would be joined by Apollo Global Management, a private equity firm that owns major companies such as Carl's Jr. parent CKE, the source said.
January 27, 2013 |
Growing up in a big, bubbly, close-knit family with six brothers and sisters, Robert Suchan's role models were his beautiful mother Janene ("like Barbara Eden meets Grace Kelly meets Carol Brady and June Cleaver"), whose picture he keeps in his wallet, and his Aunt Barbara ("Eve Arden meets Jo Anne Worley meets Mrs. Roper, with a touch of Bea Arthur"). In time they would provide the ruggedly handsome Irish Catholic Long Island native - he looks like a cross between Alec Baldwin and Vince Vaughn - inspiration and a livelihood.
January 12, 2013 |
Hostess Brands Inc. agreed to sell many of its bread brands - including Wonder and Nature's Pride - to rival bakery business Flowers Foods as the liquidating company prepares to shut itself down. Flowers, which owns the Tastykake and Nature's Own brands, will pay $390 million total for a chunk of Hostess' assets . Flowers, of Thomasville, Ga., will spend $360 million for the Wonder, Nature's Pride, Butternut, Home Pride and Merita labels as well as 20 Hostess bakeries and 38 depots.