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Canned Foods Giant Del Monte Files for Bankruptcy Protection
The 139-year-old company saw steep sales slides as consumers shift to cheaper or healthier food options.
Photo: Getty Images
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options.
Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses.
“After a thorough evaluation of all........
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