Twinkie CEO Rayburn Explains Closure

Yeah..

It had nothing to do with the fact that they kept selling junk food to a culture that was moving away from it.

Market demand, something, something.. Profit.. Etc.

"There were all these crazy work rules, like one driver can only drive cake and the other can only drive bread. Hostess went through bankruptcy in 2004 and not enough work was done in that filing to deal with these issues.
I hear that the push toward healthier food is what did us in, but that hasn’t affected us at all. Why do you have chocolate companies? How do you explain doughnut shops when doughnuts haven’t changed in 100 years? We were north of $2 billion a year in sales. They weren’t the problem, our cost structure was..."

Also you might want to Google "Richard Gephardt + Hostess"


Hmmm..

Considering their REVENUE was down 2.3% in 2011, I am assuming that is because they were selling negative amounts of twinkies?

Or maybe people weren't buying them at all.

#170 Hostess Brands - Forbes.com

To make a comparison to doughnut SHOPS is hilarious, that is a completely different demographic than convenience stores and grocery stores (where hostess was stocked).

$2B a year in sales = "not buying them at all" That's Gubbamint thinking for ya
 
So managment cannot compete in the free market ergo managment blames the unions for its past mismanagment

Typical of that class of losers.

Correct because apparently letting the Unions set wages and work rules is mismanagement.

They don't even care if it causes the company to liquidate
 
"There were all these crazy work rules, like one driver can only drive cake and the other can only drive bread. Hostess went through bankruptcy in 2004 and not enough work was done in that filing to deal with these issues.
I hear that the push toward healthier food is what did us in, but that hasn’t affected us at all. Why do you have chocolate companies? How do you explain doughnut shops when doughnuts haven’t changed in 100 years? We were north of $2 billion a year in sales. They weren’t the problem, our cost structure was..."

Also you might want to Google "Richard Gephardt + Hostess"


Hmmm..

Considering their REVENUE was down 2.3% in 2011, I am assuming that is because they were selling negative amounts of twinkies?

Or maybe people weren't buying them at all.

#170 Hostess Brands - Forbes.com

To make a comparison to doughnut SHOPS is hilarious, that is a completely different demographic than convenience stores and grocery stores (where hostess was stocked).

$2B a year in sales = "not buying them at all" That's Gubbamint thinking for ya

That's the best you can do.

Great argument. :lol:

Bottom line is revenue was down, because people are making better choices at grocery stores. For a company that filed bankruptcy (2004) and was bought by a vulture investment firm, that is the writing on the wall.. It was dragging down their portfolio.
 
Ahh, yes, the twinkie will not be dead for long, investors will reopen the plants and those junk food junkies will have their fix again.

No. The plants will not reopen. At least not here. The names might be purchased by foreign investors who will move production out of the country. You might still have Twinkies, they just won't be made here.

The top contender seems to be Bimbo, which is a mexican company.
 
Ahh, yes, the twinkie will not be dead for long, investors will reopen the plants and those junk food junkies will have their fix again.

No. The plants will not reopen. At least not here. The names might be purchased by foreign investors who will move production out of the country. You might still have Twinkies, they just won't be made here.

The top contender seems to be Bimbo, which is a mexican company.

Bimbo purchased Sara Lee's bakery division 2 years ago. Sara Lee products are still made in the US.
 

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