Fresh Del Monte Produce is acquiring assets of California-based Del Monte Foods for $285 million, bringing the iconic produce name under a single owner for the first time in nearly four decades. The deal comes as canned food maker Del…
Tag:
bankruptcy
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Dive Brief: Del Monte Foods has filed for bankruptcy and is actively seeking a buyer for its longstanding 139-year-old business, citing challenges in a rapidly changing economic landscape. CEO Greg Longstreet acknowledged the difficulties faced by the iconic canned fruit…
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Stoli Group USA and Kentucky Owl, the producers of Stoli vodka, recently filed for Chapter 11 bankruptcy protection in a Dallas federal court due to financial challenges exacerbated by a cyberattack earlier this year. In their legal filings, the companies…