With the recession of 2008 there was a sharp decrease in fine wine sales. This economic slump combined with a weak grape harvest the following year has led to a limited supply of wine that is actually available for sale. In turn, this had led some wineries into the kind of financial hardships that a business bankruptcy aims to cure.
In these current trying times, some businesses that once thrived are now in tough financial situations. Often, the only way to remedy this is by filing for a business bankruptcy.
Many Florida residents surely enjoy a Twinkie or a Ding Dong from time to time. And while some may prefer one tasty treat to the other, the fact remains that the sale of these snack foods have declined. This has put the maker Hostess Brands Inc. in a tough financial spot.