Thursday, July 03, 2025

DELMONTE FILES FOR CHAPTER 11

 By Bob Walsh

 

del monte foods




DelMonte, which has been around since the 19th century Westward Expansion in the US, just filed for Chapter 11 bankruptcy.  They intend to keep operating but need to restructure.  It seems that new health trends have been very rough on them.  They produce a lot of canned fruit.  That stuff is not going away, but the heavy market trend is towards fresh fruit and veggies with little or no "stuff" added to them.

No comments: