A PIECE OF CAKE

Americans can’t get enough Twinkies—and neither can billionaire financiers. A year after our may 2015 cover story detailing the $410 million purchase of bankrupt hostess by investor c. dean metropoulos and leon black’s Apollo Global management, the pair sold a majority stake to Gores holdings, a unit of Alec Gores’ private equity firm, for $725 million cash. metropoulos remains at the company’s helm; his latest sweet idea is ice cream flavors based on hostess Twinkies, sno balls and cupcakes, which hit shelves—and waistlines—in february.