The Entrepreneurs Weekly
No Result
View All Result
Saturday, August 9, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

Canned Food Company Del Monte Foods Files for Bankruptcy | Entrepreneur

by Brand Post
July 2, 2025
in Business
0
Canned Food Company Del Monte Foods Files for Bankruptcy | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


The 138-year-old company, Del Monte Foods, has filed for bankruptcy, the company said in a statement.

“After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,” said President and CEO Greg Longstreet.

Related: This Pricey Pineapple Costs Nearly $400 — And It’s Already Selling Out

Del Monte is entering Chapter 11 and is looking for a buyer to acquire its assets. The company calls itself “The Original Plant-Based Food Company” and makes a variety of canned fruits and vegetables. In addition to the name brand Del Monte, the company produces Contadina canned tomatoes and broths from College Inn.

“While we have faced challenges intensified by a dynamic macroeconomic environment, Del Monte Foods has nourished families for nearly 140 years, and we remain committed to our mission of expanding access to nutritious, great-tasting food for all,” Longstreet said.

Del Monte is based in Walnut Creek, California. The company noted in the statement that it secured $912.5 million from its lenders to fund its operations while the company is being sold.

“I am deeply grateful to our employees, growers, customers and vendors, as well as our lenders for their support in helping us achieve our long-term goals,” Longstreet said.

Related: Job Search Pioneers CareerBuilder and Monster File for Bankruptcy Less than a Year After Merger

The 138-year-old company, Del Monte Foods, has filed for bankruptcy, the company said in a statement.

“After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,” said President and CEO Greg Longstreet.

Related: This Pricey Pineapple Costs Nearly $400 — And It’s Already Selling Out

The rest of this article is locked.

Join Entrepreneur+ today for access.



Source link

Tags: BankruptcyBusiness NewsCannedCompanydelentrepreneurFilesFoodFoodsMonteNews and Trends

Related Posts

I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur
Business

I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur

August 9, 2025
Apple CEO Tim Cook Says He Wants to Buy Startups | Entrepreneur
Business

Apple CEO Tim Cook Says He Wants to Buy Startups | Entrepreneur

August 8, 2025
Elon Musk Warns: OpenAI Will ‘Eat Microsoft Alive’ | Entrepreneur
Business

Elon Musk Warns: OpenAI Will ‘Eat Microsoft Alive’ | Entrepreneur

August 8, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur

I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours | Entrepreneur

August 9, 2025
Apple CEO Tim Cook Says He Wants to Buy Startups | Entrepreneur

Apple CEO Tim Cook Says He Wants to Buy Startups | Entrepreneur

August 8, 2025
Elon Musk Warns: OpenAI Will ‘Eat Microsoft Alive’ | Entrepreneur

Elon Musk Warns: OpenAI Will ‘Eat Microsoft Alive’ | Entrepreneur

August 8, 2025
Sweetgreen Layoffs: Cutting Support Staff, Ripple Fries | Entrepreneur

Sweetgreen Layoffs: Cutting Support Staff, Ripple Fries | Entrepreneur

August 8, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In