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Wal-Mart, Kroger in race to purchase Hostess Brands’ assets
date:Dec 17, 2012
fected by increasing debts, soaring labour costs and the changing tastes of consumers, filed for bankruptcy in January 2012 for the second time in its history, declaring assets of $982m and debt of $1.43bn.

In November, the company received approval from the US Bankruptcy Court in New York to close its business and sell its assets, a move which will lead to a loss of 18,500 jobs.

Judge Robert Drain authorized the liquidation process after Hostess Brands and the Bakery, Confectionary, Tobacco a

12/23 01:26