date:Mar 18, 2013
g labour costs and the changing tastes of consumers; it filed for bankruptcy in January 2012 for the second time in its history, declaring assets of $982m and debt of $1.43bn.
In November 2012, Hostess received approval from the US Bankruptcy Court in New York to close its business and sell its assets.
The company has been backed by Jones Day for legal advices and Perella Weinberg Partners served as the company's financial advisor.