Venture Capitalist whom loaded the company with large sums of debt. The debt did little to spark commerce, but rather, depleted retained earnings and made a ever changing business model impossible to run. The labor cost and production had little to do with it's demise. The remaking shareholders with non-voting preferred shares and secured debtors get the rest. A familiar process of vulture capitalism. The Wall St., crown wanting ever more cash flows trap medium sized and small closely held companies hostage with banking at gun point. Why corporations hoard cash? To prevent investment bankers from redirecting loan financing to leveraged bankruptcy. It seems the bread slices are worth more then the loaf.
Hostess Brands's population is 20,000.
Hostess Brands was created in 1930.
No Hostess Brands is exploring options to buy Sara Lee>
Chico's FAS, Inc. They own the brands Chico's, White House Black Market and Soma Intimates.
no
no
HOSTSP
hostess brands pays teamster employees pension fund per contractional agreement
No Hostess Brands is exploring options to buy Sara Lee>
it is going out of business because they don't get alot of people to buy hostess brands.
The symbol for Tofutti Brands Inc. in the AMEX is: TOF.
The symbol for Leading Brands Inc in NASDAQ is: LBIX.