Jul. 4 at 9:14 AM
📢 Del Monte Foods (
$DMF) Files for Chapter 11 (Bankruptcy)
•
$1B+ US debt,
$125M annual interest burden
• Pandemic stockpiling led to excess inventory → demand slump
• Fresh‑food culture dethrones canned staples—0.4% treading down annually
• Secured
$912.5M DIP funding; assets to be sold under court supervision
đź§ Investor Takeaway:
Expect distressed M&A activity; brand licensing & shelf space sales could follow.
Global packaged-food peers should watch fresh-food trends closely.
đź’¬ Thoughts? Are there any canned-food plays left worth holding?
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