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Has Philly Icon Tastykake Lost its Recipe for Success?

by thiryj

CoStar reports: Tasty Baking Co. in Philadelphia reported that preliminary financial data available for its fourth quarter ended Dec. 25, 2010, indicates that as a result of certain production difficulties during the optimization of its new Philadelphia bakery the company did not achieve the expected operational cash savings from this bakery during the fourth quarter.

Tasty Baking’s Liquidity Drying Up; Landlord Defers Rent for One Month – CoStar Group.