Low Carb Hurts Twinkies & Wonderbread
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| Wed, 09-22-2004 - 2:49pm |
Interstate Bakeries files bankruptcy.
http://news.ft.com/cms/s/0faca8cc-0c88-11d9-b543-00000e2511c8.html
Interstate Bakeries Corp. on Wednesday filed for bankruptcy after struggling
with more than $1.3 billion in debt and weak demand for bread products,
brought on by the popularity of low-carbohydrate diets.
The largest U.S. wholesale bakery and maker of Wonderbread also accepted the
resignation of James Elsesser as chairman and chief executive, according to the
Chapter 11 filing in the U.S.
Bankruptcy Court for the Western District of Missouri in Kansas City.
The company has named Leo Benatar as non-executive chairman and Antonio Alvarez as chief executive, according to court papers. Alvarez is managing director of the turnaround firm Alvarez Marsal to assist the company in the restructuring process.


I'm not surprised.
Being as cheap, make that as economy minded as I am, I shall make it a point to stop at the day old Wonderbread store and purchase a pack.
Good idea!
"processed flours aren't good for people with Diabetes"
Processed flours aren't good for anybody.
Totally agree about the whole grains!
There's always at least two POV. The workers that will be hurt if the bakery doesn't come out of chapter 11 versus the unhealthy product. Maybe they should make
You know, I started thinking about it...not only