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Del Monte Pacific, No. 142 on the Southeast Asia 500, reported a 0.3% rise in revenue last year, reaching $2.43 billion. The U.S.-based Del Monte Foods contributed 72% of the group’s revenue.
Canned fruit company Del Monte Foods filed for bankruptcy, less than a year after executing a controversial debt restructuring. The company entered into a lender-backed restructuring support ...
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 has lined up financing to fund its Chapter 11 case, giving the firm $165 million in fresh cash in exchange for added protection for hundreds of millions of dollars in existing debt.
Del Monte said a decline in consumer demand is to blame. Sarah Foss, the global head of legal and restructuring at Debtwire, a financial consultancy, said consumers are moving away from canned ...
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or ...
The bankruptcy filing is the latest turn in a challenging year for the borrower that saw its parent company Del Monte Pacific Ltd. in June elect to skip a payment to the unit’s lenders as part ...
Del Monte Foods files for bankruptcy, plans asset sale amid mounting debt The filing shows Del Monte is carrying approximately $1.245b in secured debt Last updated: July 02, 2025 | 22:16 ...
To sell it, Del Monte resorted to costly promotions, and it also faced higher costs to warehouse all that inventory. “The sharp rise in interest rates in 2023 and 2024 increased the company’s annual ...
Canned fruit company Del Monte Foods filed for bankruptcy, less than a year after executing a controversial debt restructuring. The firm entered a restructuring support agreement with lenders and ...
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or ...