It was announced that Hostess Brand, Inc., the Irving, Texas based wholesale baker, was preparing for chapter 11 bankruptcy this week.  This is the Company’s second bankruptcy in the last two years.  The bankruptcy may allow the Company to reduce its debt and renegotiate its labor contracts. Hostess has been facing cash constraints, despite recent investments of $40 million […]

Friendly Ice Cream Corp is set to emerge from bankruptcy, after a bankruptcy judge approved the sale of the company to its prior owner, a private equity firm, Sun Capital Partners Inc., in exchange for debt forgiveness.  Friendly’s announced that it would be closing 37 locations.