Hostess Brands, the maker of Twinkies and Wonder Bread, emerged from its first bankruptcy in 2009. Now, the company that employs 19,000 people and owes more than $860 million in debt is preparing to file for the second time around. With customers looking for healthier food, sales have been on the decline. Can the owner of two of America's best known brands survive? Mike Spector is covering the company's problems for the Wall Street Journal.
Twinkie Maker Faces Sugar Crash
Credits
Guest:
- Mike Spector - Wall Street Journal reporter investigating auto recalls