US-based fruit and vegetables business Del Monte Foods is seeking a buyer after entering Chapter 11 bankruptcy proceedings. “This is a strategic step forward for Del Monte Foods. After a ...

US-based food and drinks group Del Monte Foods is seeking a buyer after entering Chapter 11 bankruptcy proceedings. “This is a strategic step forward for Del Monte Foods. After a thorough ...

Del Monte Foods announced this week it is voluntarily filing for Chapter 11 bankruptcy and looking to sell its company to a new owner to help "strengthen" its financial standing. The 139-year-old ...

Del Monte Foods, producer of canned fruits and vegetables, initiatied Chapter 11 proceedings on Monday and is seeking a buyer.

Del Monte Foods began voluntary Chapter 11 proceedings and entered into a restructuring support agreement with a group of its lenders, they said. "This is a strategic step forward for Del Monte ...

A well-known grocery store brand, which has long sold canned fruits and vegetables, has filed for bankruptcy. Del Monte Foods, a 138-year old company, filed for Chapter 11 bankruptcy on Thursday.

Del Monte Foods, recognizable by its iconic green cans, filed for Chapter 11 bankruptcy this week in what President and CEO Greg Longstreet said was a "strategic move" for the 138-year-old company.

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 blamed its Chapter 11 filing on multiple factors, including a costly buildup of excess inventory resulting from elevated demand during the COVID-19 pandemic and significant debt that’s ...

The company filed for Chapter 11 in the U.S. Bankruptcy Court for the District of New Jersey, it announced via a press release. Del Monte is looking for buyers for part or all of the company after ...

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.