All articles tagged with #del monte foods
Originally Published 6 months ago — by The Washington Post
Del Monte Foods, a historic canned goods company founded in 1886, has filed for Chapter 11 bankruptcy due to increasing debt, economic challenges, and changing consumer spending habits.
Originally Published 6 months ago — by The New York Times
Del Monte Foods, a historic canned goods company, filed for bankruptcy due to rising debt, pandemic-related issues, and economic challenges, and plans to sell most of its assets to restructure and strengthen its future.
Originally Published 6 months ago — by nypost.com
Del Monte Foods, a 139-year-old company known for canned fruits, vegetables, and beverages, has filed for Chapter 11 bankruptcy in the US and is pursuing a sale, supported by $912.5 million in financing, aiming to strengthen its operations and turnaround.
Originally Published 6 months ago — by Axios
Del Monte Foods has filed for Chapter 11 bankruptcy and plans to sell its assets due to mounting financial pressures from changing consumer preferences, supply chain issues, and rising costs, despite efforts to reduce expenses and close facilities.
Originally Published 6 months ago — by CBS News
Del Monte Foods has filed for Chapter 11 bankruptcy and is seeking a buyer, citing declining consumer demand for canned foods and increased costs, with a court-supervised sale process and $912.5 million in funding from lenders to support ongoing operations.
Originally Published 6 months ago — by FreightWaves
Del Monte Foods has filed for Chapter 11 bankruptcy with over $1 billion in liabilities, impacting logistics providers like Uber Freight, which is owed over $9 million. The company has secured $912.5 million in DIP financing and may sell assets or reorganize, with logistics contracts potentially affected but still operational during the process.
Originally Published 6 months ago — by PR Newswire
Del Monte Foods has filed for Chapter 11 bankruptcy to facilitate a strategic sale and strengthen its financial position, securing $912.5 million in debtor-in-possession financing to continue operations during the process, with the goal of creating a more sustainable and successful company under new ownership.