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View Diary: Hostess Brands Goes Bankrupt (Again), Stiffs Workers For a Billion (125 comments)

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  •  Got Enough Material For Another Diary... (3+ / 0-)
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    ER Doc, Creosote, AshesAllFallDown

    Been reading through the bankruptcy filings, and finding some amazing screw ups. Current management has little bakery experience, brought in from unrelated fields. Property management is out of control- They have a huge bakery they own in little Billings, Montana but they're renting three other buildings there. Same story in Great Falls, except they're renting all four buildings there. Quite common to find Hostess renting a depot and thrift store in the same zip code, and sometimes a garage too... not very efficient, in the old days Continental would put all those functions into one building instead of trucking bread from depot to thrift store and shuttling busted trucks to the garage.

    And that's just the pre- "first day" hearing filings!

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