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Published: Monday 21 October, 2013

women online shopping women online shopping ?Little Debbie maker lea women online shopping d bidder for Hostess Drakes cakes



Hostess has picked the maker of Little Debbie as the lead bidder to buy its Drakes cakes. bankruptcy court, McKee Foods has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones and Yodels. The fate of Twinkies and other Hostess cakes are still being negotiated with other bidders.



The stalking horse bid by McKee would set the floor for an auction process that lets competitors make better offers. A judge would have to approve the final sale.



McKee Foods, based in Collegedale, Tenn., makes a variety of snack cakes under the Little Debbie banner that compete with Hostess cakes at a lower price. For example, its Cloud Cakes resemble Twinkies and its Devil Cremes resemble Devil Dogs.



McKee generates about $1.1 bill women online shopping ion in sales a year, with its Little Debbie cake division accounting for $800 million of that, according to the company. In recent years, McKee has seen its sales remain flat or fall as eating habits have changed.



Hostess Brands Inc., based in Irving, Texas, announced in November that it was shutting down its business and selling its breads and snack cakes. The companys demise came after years of management turmoil and turnover, with workers saying the company failed to invest in its brands. Hostess filed for its second Chapter 11 bankruptcy in less than a decade this January.



Among Hostess brands was Merita bread, which was made out of a plant in Downtown Orlando for decades.



While wellknown in the northern states, Drakes cakes were not widely sold in Florida.



Earlier this month, Hostess picked Flowers Foods, which makes Tastykake and Natures Own and Bunny bread, as the lead bidder for six of its major bread brands, including Wonder. women online shopping

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