From Joseph N. DiStefano's Philly Deals blog:
In January the company said it had made deals with its banks, state agencies, landlord Liberty Property Trust, and other creditors to delay payments while it looks for a buyer to take over the company or some other "possible strategic and financial option."
That followed the failure of Tasty's new state-subsidized South Philadelphia bakery to meet initial sales targets; higher ingredient costs; and the bankruptcy of A&P, a major supermarket customer. The creditors gave Tasty until June 30.
I don't know about you, but I'm stocking up. If I don't get my blueberry Tasty Pie or my Butterscotch Krimpets, I am NOT a happy camper.
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