Update, Wednesday, 8:20 a.m.: Hostess Brands filed for Chapter 11 protection Wednesday, the Wall Street Journal reports.
No more Wonderbread. No more Twinkies. No more Ho Ho’s or Suzy Q’s or Ding Dong’s. Our nation’s obesity levels might drop, but the loss of beloved Hostess Brands products on store shelves might also make us cry.
Hostess Brands is preparing to file for Chapter 11 bankruptcy protection this week, The Wall Street Journal reported Tuesday, citing people familiar with the matter. When reached by the Post, Hostess declined to comment.
It would mark the second time the Irving,Texas-based company has restructured, having filed for bankruptcy almost two years ago but emerging from it in September. Hostess carries over $860 million in debt, according to Reuters.
Twinkie fans despairing over the possible loss of their favorite spongy treat, however, were reassured by Hostess Snacks on Twitter Tuesday:
Don’t start stock-piling Twinkies quite yet.