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Hostess buying binge nears end; speculation on suitor

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Updated: 11/17/2012 3:45 pm
LAS VEGAS (KSNV MyNews3) -- The buying binge in local stores for Hostess bakery products may soon end because there is little product to buy.

The announcement Friday that more than 18,000 Hostess employees nationwide will soon be out of work because the strike-plagued company announced liquidation plans prompted a rush on retail stores that sell Twinkies, Ho-Hos, Sno-Balls and related bakery goods.

But that charge may be coming to an end as stores report having few supplies of the traditional delights that date back to a 1930 origin.

"We have been left in the dark," a worker at the only Las Vegas Hostess Bakery outlet store at Craig Road and Lamb Boulevard said Saturday afternoon. "We have very little product left and we have no idea when we might close."

She said she had a long line at the register. She also refused to give her name because "the company has told us not to talk to the media or we'll lose our jobs."

More than 170 employees at the Hostess bakery in Henderson have already or will shortly lose their jobs.

While the local run may come to an end, the Internet buying spree has only escalated since Friday's announcement. One box of 10 Twinkies was reportedly being offered on e-Bay for $10 million, complete with delivery in a Hostess vehicle. There had been several bids that were rejected or withdrawn on the box. Another ad offered a box of Twinkies for an opening bid of $200,000 or an immediate purchase at $250,000.

Meanwhile, Forbes.com was reporting today that a Mexican baker, Grupo Bimbo, might make another bid for the company. Back in 2007 when Hostess was in bankruptcy proceedings, the company owned by Daniel Servitje Montull tried to force the company into his control. The maneuver failed, but he has often expressed an interest to own Hostess.

Watch News3 tonight at 5 and 6 for more information on this story.
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