Wednesday, January 12, 2011

Philadelphians Try to Save the Tastykakes; Company’s Move Bolsters Troubles

From the Facebook group trying to “Save the Tastykakes” to Causes.com’s “Save Tastykake” page, many Philadelphians are in an uproar over the Philadelphia snack cake icon struggling to survive into today’s times…and economy.

Tastykake is a household name in the Northeast, though if you travel a few states over, most will have no idea what you’re talking about. For those who do know, Tastykake produces the delicious little delights including Krimpets, Juniors and Kandy Kakes and 200+ more confections. However, the 97-year-old company has been struggling of late, every since moving within Philadelphia – specifically from Hunting Park to the Navy Yard. With the move came increased operations costs amid a serious economic downturn. The company currently has $100 million in debt; do you think that the Tastykakes can be saved?

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