Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
www.reuters.com
reuters.com
3 comments
Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
reuters.com
How does the brand with the top sellers in the category go bankrupt?
“Several Del Monte products hold the number one or two market share position.”
https://en.m.wikipedia.org/wiki/Del_Monte_Foods
The investor fact sheet sourced for that line is over a decade old.
I can't say for sure how things have changed since then that could cause bankruptcy though... maybe people are preferring more products labled "natural" and "organic"?
I read an MSN story that said they were bought by an outfit in the Philippines and then saddled with a bunch of debt. What a waste.