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Hostess in talks with potential buyers for its brands
date:Dec 04, 2012
expected to be finalized for various brands, following which, an auction would be held. The money received from the sale will be used by the company to pay its creditors.

Hostess Brands is estimated to be worth about $2.4bn, which is equal to its annual sales.

In November, Hostess Brands received approval from the US Bankruptcy Court in New York to close its business and sell its assets.

The company, which has been affected by increasing debts, soaring labour costs and the changing tastes of

12/23 19:23