this post was submitted on 02 Jul 2025
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United States | News & Politics
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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"?
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.