Walnut Creek-based Del Monte Foods is filing for bankruptcy protection
Headline from ABC 7 San Francisco
Del Monte Foods is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options.
ABC 7 San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Del Monte Foods is filing for bankruptcy protection. The 139-year-old California company is best known for its canned fruits and vegetables, which have seen sales slide as U.S. consumers seek out healthier and cheaper options.
NEW YORK (CNN) — Del Monte Foods, the 138-year-old company best known for its canned fruits and vegetables, has filed for bankruptcy and is looking for a buyer. Late Tuesday, the company announced it was voluntarily entering Chapter 11 and is going through a sale process for all of its assets.
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.
Del Monte Foods filed for bankruptcy on Tuesday, saying it secured $912.5 million in financing to support operations through the process of a court-supervised sale.
Del Monte Foods is filing for bankruptcy protection. The 139-year-old company is best known for its canned fruits and vegetables, which have seen sales slide as consumers seek healthier and cheaper options.
Del Monte Foods, the nearly 140-year-old company whose canned fruits and vegetables have long been grocery store staples, has filed for bankruptcy as it grapples with mounting debt, post-pandemic headwinds
