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 ...

MANILA, Philippines - The loss-making American unit of food giant Del Monte Pacific Ltd. (DMPL) has put assets up for sale and sought bankruptcy court protection as part of a rehabilitation ...

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 reported that it has $1 billion to $10 billion in debts and the same dollar amount range for its assets, according to the company’s court filing with the U.S. Bankruptcy Court in New ...

Del Monte Foods reported that it has $1 billion to $10 billion in debts and the same dollar amount range for its assets, according to the company’s court filing with the U.S. Bankruptcy Court in ...

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 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 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 ...

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 ...

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 ...