Breakingviews

Double-dipping Twinkies tarnish bankruptcy process

January 11, 2012

Chapter 11 is supposed to give crippled companies a fresh start. Yet, Hostess, the maker of iconic American junk food, has gone bust just three years after emerging from bankruptcy court. Such recidivism should make investors more skeptical about the court’s cleansing power.

Hostess Brands is dead, long live the Twinkie

November 16, 2012

The fluorescent yellow cream-filled cakes are a cultural touchstone for generations of Americans. As Hostess limps through a second bankruptcy in three years, the nuclear option of liquidation is being pursued. But the Twinkie brand’s half-life should be longer than its maker’s.