cm0002@lemmy.world to United States | News & Politics@midwest.social · 3 days agoDel Monte Foods seeks buyer as it initiates US bankruptcy proceedingswww.reuters.comexternal-linkmessage-square2linkfedilinkarrow-up118arrow-down11
arrow-up117arrow-down1external-linkDel Monte Foods seeks buyer as it initiates US bankruptcy proceedingswww.reuters.comcm0002@lemmy.world to United States | News & Politics@midwest.social · 3 days agomessage-square2linkfedilink
minus-squarereddig33@lemmy.worldlinkfedilinkEnglisharrow-up3·3 days agoHow does the brand with the top sellers in the category go bankrupt? “Several Del Monte products hold the number one or two market share position.” https://en.m.wikipedia.org/wiki/Del_Monte_Foods
minus-squareAscrod@midwest.sociallinkfedilinkEnglisharrow-up2·2 days agoThe 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”?
How does the brand with the top sellers in the category go bankrupt?
“Several Del Monte products hold the number one or two market share position.”
https://en.m.wikipedia.org/wiki/Del_Monte_Foods
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”?