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Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings (www.reuters.com)

submitted 1 month ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] Ascrod@midwest.social 2 points 1 month ago (1 children)

The investor fact sheet sourced for that line is over a decade old.

I can't say for sure how things have changed since then that could cause bankruptcy though... maybe people are preferring more products labled "natural" and "organic"?

[–] reddig33@lemmy.world 2 points 1 month ago

I read an MSN story that said they were bought by an outfit in the Philippines and then saddled with a bunch of debt. What a waste.