bankruptcy - Articles and Posts from Slashfood

Posts with tag bankruptcy

Jolt Cola May Stop Production, Close

Posted Oct 29th 2009 11:30AM by Sara Bonisteel
Filed under: Business, Soda, Food News

Jolt Cola -- the evening study fuel of many a cramming student and the precursor to caffeine-packed energy drinks like Red Bull -- may soon be no more.

Jolt Co. Inc. filed for bankruptcy last year after racking up more than $5 million in debt to a Chicago can manufacturer. The company was optimistic about restructuring, but plans fell apart this week, putting the future of the double-caffeinated cola into jeopardy, a Jolt attorney told the Rochester Democrat & Chronicle.

"The name will show up someplace else, but just that," William I. Kohn of Benesch, Friedlander, Coplan & Aronoff told the paper. "I don't see anybody buying the entire package."

Jolt founder Carl J. Rapp, who started the company in 1985, fought the restructuring of the company and blamed its current situation on an investment group that owns a large stake in the company, the paper reports.

Will you miss Jolt Cola? Spill it in the comments.

[Via Rochester Democrat & Chronicle]

Tavern on the Green Files for Bankruptcy

Posted Sep 10th 2009 12:30PM by Sara Bonisteel
Filed under: Restaurants, Food News

New York's Tavern on the Green. Photo: Paul Hawthorne/Getty Images

New York's historic Tavern on the Green has filed for bankruptcy just days after New York City awarded a new restaurateur the license to operate the Central Park eatery.

Jennifer Oz LeRoy, the chief executive of the restaurant, said the Chapter 11 filing is "our only alternative given the current situation." On Aug. 28, the New York City Department of Parks and Recreation awarded Dean Poll a 20-year operating license for the space on the west side of Central Park. The LeRoy family has run the restaurant since the 1970s.

But will Tavern on the Green remain open in the interim?

Continue reading Tavern on the Green Files for Bankruptcy

Mother's Cookies are no more

Posted Oct 9th 2008 11:31AM by Marisa McClellan
Filed under: Bakeries, Food News

(Click the photo to see the Top 5 Best Selling Cookie Brands)

When I think of Mother's Cookies, I immediately slip back into my childhood. I remember Sunday School snack, which often consisted of a tiny cup of grape juice and one or two of those pink and white frosted, animal shaped sugar cookies. During high school, my friends and I would often run to the dirty downtown Safeway for snacks to last us through play rehearsal and often, a bag of Mother's Cookies would return to school with us.

As of this Monday, there will be no more fresh memories of Mother's Cookies. The Oakland, CA-based company abruptly closed their doors and filed for bankruptcy protection, citing the rising costs of fuel and supplies as the reason. A number of people lost their jobs in the closing and the country lost an iconic cookie.

Gallery: Top 5 Selling Cookie Brands

[via Married with Dinner]

Mrs. Field's may be filing for bankruptcy

Posted Aug 16th 2008 11:58AM by Shayna Glick
Filed under: Business, Bakeries

Close up view of a chocolate chip cookie on a white background.

It appears that right now is not a good time to be in the food business. First Bennigan's closed the majority of their stores and now Mrs. Field's Famous Brand is planning on filing for Chapter 11 bankruptcy protection.

According to Forbes, the cookie maker won't be able to make a scheduled debt payment in September. The company is currently "soliciting votes from creditors for a 'prepackaged' bankruptcy reorganization plan." That means that the people in charge at Mrs. Field's are talking to creditors to see if they'll agree to the company's reorganization plans. So far about two thirds of the creditors have agreed to the prepackaged bankruptcy deal.

For the plan to go through, Mrs. Field's has to file by August 25. It's been forever since I had a Mrs. Field's cookie, and if lots of other consumers are like me, that's probably part of the reason they're heading into bankruptcy. Are Mrs. Field's products good enough to save, or should the company just give it up?

[via Coldmud]

Wonder Bread disappearing into so many empty carbohydrates

Posted Dec 28th 2005 5:58PM by Sarah Gilbert
Filed under: West Coast, Business, Grains, Pop Food, Trends, Stores & Shopping

Could Wonder Bread is going the way of so many other empty carbohydrates, disappearing into the annals of pop culture? So says NPR's Morning Edition. The company that makes the stuff, as well as Hostess Cupcakes, Twinkies, and other preservative-packed goodies, filed for bankruptcy protection last year. Interstate Bakeries has closed eight factories across the country and won't be selling Wonder Bread to Oregon and Washington starting next month.

The company blames low-carb diets and the new FDA requirements for labeling products which contain trans-fatty acids. In my opinion, the market for white bread is declining due to the wide availability of fresh-baked, artisan breads and the changing tastes (i.e., to "good") of the Pacific Northwest population. Despite my snooty foodieness, though, the slow extinction of Wonder Bread makes me a little sad.

#	Blogger	Posts	Cmts
1	Slashfood Editor	81	0
2	Alexa Weibel	48	2
3	Sarah LeTrent	34	0
4	Hanna Raskin	28	0
5	Emily Farris	17	0
6	Jennifer Lawinski	16	0
7	Sara Bonisteel	15	0
8	Michael Thomas Hastings	10	0
9	Jennifer Iserloh	8	0
10	David Koeppel	7	0
11	Joshua M. Bernstein	6	2
12	Jose Ralat Maldonado	6	1
13	Mike Pomranz	5	1
14	John Devore	4	0
15	LeNell Smothers	4	0
16	Kristine Hansen	4	0
17	Erin Meister	4	0
18	Max Shrem	4	0
19	Lisa Schweitzer	3	0
20	Sarah Christine	3	0

Blogger

Posts

Cmts

Michael Thomas Hastings

Opinion: Are Helicopter Parents Coming in for a Landing? Gay Parents Do Not Warp Their Kids, Research Shows Celeb Clan Close-Up: Families Rock the American Music Awards	Fad Diets Make Obesity Crisis Worse Traditional Thanksgiving Recipes: Stuffing, Green Bean Casserole and More Man Loses 260 Pounds: Now He's an Ironman!
Target Collaborating With Eugenia Kim and Cynthia Vincent Black Friday Wake-Up Calls: Cindy Crawford Will Get You Out of Bed Patrick Dempsey Dishes on New Fragrance - Exclusive Interview	What Would 'Seinfeld' Be Like If It Came Back Today? Body of 'Housewives' Ex Will Be Exhumed Fiery and Fabulous: Hollywood's Most Riveting Redheads
Target to Give Away Marcel Wanders Bags On Black Friday Exclusive: The Jonas Brothers Leave Bel Air, Shack Up in a New House What To Ask Before Moving In	Weiner Race in San Francisco How to Prepare Your Pet for Holiday Travel The National Dog Show: How to Watch, What to Watch Out For

Jolt Cola May Stop Production, Close

Tavern on the Green Files for Bankruptcy

Mother's Cookies are no more

Mrs. Field's may be filing for bankruptcy

Wonder Bread disappearing into so many empty carbohydrates

Tip of the Day

Slashfood Features

RESOURCES

Featured Stories

Slashfood bloggers (30 days)

Most Commented On (60 days)

Updates From

Sites We Love