Posted in, Center Store, Southeast, Southwest

Hostess Likely to File for Chapter 11 Bankruptcy

Hostess Brands Inc. is getting ready to file for Chapter 11 bankruptcy, its second such filing, sources told The Wall Street Journal. Privately held Hostess has about $860 million in debt and has been squeezed by high labor costs and rising ingredient prices, the sources said. The Irving, Texas-based company, previously called Interstate Bakeries Corp., […]

Posted in, Center Store, Northeast

Alexander Appointed President of Campbell North America

Camden, N.J.-based Campbell Soup Co. has appointed Mark Alexander as president—Campbell North America. Alexander, 47, will lead the division of the company that includes Campbell’s North America soup, sauces and beverages business, Campbell Canada, and Campbell’s North America foodservice business, which collectively account for approximately $4.6 billion in annual revenue. His appointment is effective Jan. […]