X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Sweet ToothLast week the Americas were shuddering over the reality that delights including Twinkies, Wonder Bread, Ring Dings, Devil Dogs, SnoBalls, Yodels and many more goodies that we all grew up with will be no more. This was the result of the bankruptcy court approving the liquidation of the company after management was unable to reach a satisfactory agreement with a variety of unions who represent 18,000 workers who baked, wrapped and delivered the sweet stuff. In many around the nation, there was a run on Twinkies and the other Hostess delights that left the shelves bare. I am lamenting this not only because I now have an unfulfilled craving for everyone of their products, but more so because I am frustrated to see a venerable old institution go the way of so many that have been unable to adjust to changing market conditions. In the case of the unions, such companies are resistant to change and a failure to remain competitive by adjusting work rules and compensation that must be realigned to enable a company to remain on a solid financial footing. Today there is a last-ditch effort by the unions, the bankruptcy court and Hostess management to make a deal to save Ring Dings. Failing that, some of the brands will be picked-up and reintroduced, but alas, the buyer may be a Chinese company that is trying to corner the global Twinkies market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.