Could Twinkies Be Returning As Early As This Summer?
Whew! It looks like Twinkies will indeed be back. Possibly as early as this summer! Hostess closed it's doors and filed for bankruptcy last year, and caused quite the stir. We even ran out and got some to give away to some lucky citizens! Check out how we might be getting our Twinkies back, and what other delicious cakes of joy might be coming back with them.
Hostess has picked a $410 million joint offer from Metropoulos & Co. and Apollo Global Management in the sale of its confection cakes. The offer was initially picked as a starting amount for an auction, but no other qualified bids were submitted.
The two companies were thrilled about the purchase of the sweet snacks and Metropoulos & Co. CEO and founder Dean Metropoulos released a statement saying the firm is looking forward to having Twinkies ”back on the shelf by this summer.”
The sale is not yet complete, however. It must be approved by the US Bankruptcy Court first. The hearing to approve the sale of the Hostess and Dolly Madison cake brands will be heard on March 19.
Along with Twinkies, Ding Dongs and Ho Hos would make their triumphant return as well.