Have we, as a country, grown beyond Ding-Dongs? After posting a $341 million net loss last fiscal year, Hostess Brands, maker of iconic grody lunchbox snacks and hyper-bleached sandwich bread, is filing for bankruptcy. (Financial bankruptcy. It was always nutritionally bankrupt.) The company, which has assets of roughly $1 billion, has been struggling under the weight of a roughly $860 million debt load and soaring expenses tied to its labor force. Hostess has up to 100,000 creditors, and its chief unsecured creditors are labor unions and pension funds that represent the company’s employees, according to the Chapter 11 petition, filed …
Get Grist in Your Inbox
Jess Zimmerman is the editor of Grist List.
ALEC calls for penalties on “free rider” solar-panel owners
We can’t stop watching these emus freak out about a ball
An eagle stole a video camera and made this cinematic masterpiece
Kidnapped Ethiopian girl rescued by caring, protective lions
You will not be able to stop looking at this penis snake