Del Monte Files For Bankruptcy Protection: Why Is 139-Year-Old Canned Food Giant Facing Biz Pressure?

Del Monte Files For Bankruptcy Protection: Why Is 139-Year-Old Canned Food Giant Facing Biz Pressure?

Del Monte Foods, owned by Singapore-based Del Monte Pacific, has secured $912.5 million in debtor-in-possession financing to continue operations during a planned sale process.

What Del Monte's bankruptcy means for Canadian consumers

Del Monte is battling shifting consumer demands, inflation, high interest payments on its debt and the impact of tariffs.

Walnut Creek-Based Canned Foods Giant Del Monte Files for Bankruptcy, Hopes for New Owner

Yes, Del Monte Foods is based in Walnut Creek, but it may not be for much longer, as the company has filed for Chapter 11 bankruptcy, and it seems like Trump’s steel tariffs had a lot to do with this.It may come as a surprise that the 138-year-old grocery market canned food staple Del Monte Foods is headquartered right here in the Bay Area community of Walnut Creek. And it was once a dominant San Francisco company, as in 1909, its North Beach ca…

Del Monte Foods Files for Bankruptcy as Consumer Preferences Shift

California-based Del Monte Foods, known for its canned fruits and vegetables, has filed for bankruptcy. The post Del Monte Foods Files for Bankruptcy as Consumer Preferences Shift appeared first on Breitbart.