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Del Monte Foods kicked off efforts to pursue a sale as it filed for Chapter 11 bankruptcy proceedings in the US on Tuesday under an agreement with certain key lenders, the company said in a statement.
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Soy Carmín on MSNA Century-Old American Food Icon Faces Chapter 11: Del Monte Foods Files for BankruptcyIn a significant turn for the American food industry, Del Monte Foods, a company with a rich 138-year history ingrained in ...
In a press release by Fresh Del Monte Produce celebrating International Pineapple Day, the company highlighted how proud it ...
Del Monte filing for bankruptcy feels less like business news and more like the slow death of canned food culture.
Fresh Del Monte’s strong supply chain, margin growth, and undervaluation support long-term upside despite macro risks. Check ...
Fresh Del Monte has an improved balance sheet risk profile as debt has come down. Click here to see why FDP stock is a Buy.
Del Monte Foods was also hit with a lawsuit last year by a group of lenders that objected to the company’s debt restructuring plan.
The company, founded in 1886, said it was voluntarily initiating Chapter 11 proceedings, citing mounting debt, economic headwinds and consumer spending shifts.
Del Monte Foods Inc. issued a recall of some of its canned corn this week. Del Monte’s fiesta corn seasoned with red and green peppers is under-processed, and pathogens “could lead to life ...
Grocery store mainstay Del Monte Foods said it is seeking a restructuring by filing for bankruptcy. The company said it secured $912.5 million in financing that allows it to remain in business.
Del Monte Foods Inc. issued a recall of some of its canned corn this week. Del Monte’s fiesta corn seasoned with red and green peppers is under-processed, and pathogens “could lead to life ...
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