Oh, I noticed. And I wonder how a company which caters to the growing obese population manages to fail!
This isn't the first time they've filed for bankruptcy so it's not too much of a surprise, they will undoubtedly sell their brands off and come out fine.
This is management's claim, not objective fact, and probably open to dispute. From the comments on the New York Times article, I'd guess the unions have quite a different perspective.
This isn't the first time they've filed for bankruptcy so it's not too much of a surprise, they will undoubtedly sell their brands off and come out fine.