Thursday, July 03, 2025

Del Monte Foods Files for Bankruptcy

Del Monte Foods, known for its canned vegetables and fruit cups, has filed for Chapter 11 bankruptcy protection and is now seeking a buyer.

More

US Senator Maggie Hassan (D-NH), as Ranking Member of the Joint Economic Committee, recently inquired with the CEOs of several companies regarding what the impact of Donald Trump's steel and aluminum tariffs will be on grocery costs for everyday Americans. Links:
  • Senator Hassan Letter
  • Del Monte Subsidiaries
  • https://ewscripps.brightspotcdn.com/dims4/default/b55f00f/2147483647/strip/true/crop/2860x1609+0+312/resize/1280x720!/quality/90/?url=http%3A%2F%2Fewscripps-brightspot.s3.amazonaws.com%2F61%2F92%2F3c1546b543469903de4579f9c95f%2Fap060622026189.jpg

    Comments

    It's funny they say the shift is towards "private label brands"... do you think they mean "store brands" at half the price... and a little salt.

    #1 | Posted by RightisTrite at 2025-07-03 07:59 AM

    A major food company goes bankrupt at the moment there's no one to harvest the crops?

    Mere coincidence.

    #2 | Posted by Zed at 2025-07-03 08:34 AM

    "A major food company goes bankrupt at the moment there's no one to harvest the crops?"

    Ok, I hate to do this to you but you just made a HUGE error in your partisan narrative. A significant percentage of Del Monte crops are harvested outside of US borders. So, technically, your statement does apply but for the very reverse narrative, the people in those countries are leaving to come to America so there is no one to harvest. In other words, your very narrative is contradictory to the topic. The fact there are so many illegals is what is causing a decline in crops from other countries, at least using your own logic against you.

    So, no, it's not a coincidence. It's just that you didn't do enough critical thinking to truly understand how the liberal narrative can't justify/defend this situation. Now, of course migrants are not the reason why Del Monte declared, whether it's incoming or outgoing workers. Any intelligent person not groomed by their political masters knows this. But it's just sad to see how easy it is to use liberal logic to contradict their own narrative. And this is no surprise; it's absolutely because liberals have embraced hypocrisy as their platform which has been evidence to the country for at least 10ish years now (although I left the Dem party in the late 90s because I saw it coming and wanted no part in it).

    #3 | Posted by humtake at 2025-07-03 11:53 AM

    www.delmonte.com">About 95% of the food we produce is grown on farms in the USA

    #4 | Posted by YAV at 2025-07-03 11:59 AM

    #3 - Flat out wrong or an intentional lie that is easily destroyed with almost no effort.

    #5 | Posted by YAV at 2025-07-03 12:00 PM

    Fixing that:
    About 95% of the food we produce is grown on farms in the USA

    #6 | Posted by YAV at 2025-07-03 12:01 PM

    Del Monte - since 1923. Survived so much.
    It took Trump to destroy it.

    #7 | Posted by YAV at 2025-07-03 12:04 PM

    It begins!

    #8 | Posted by ClownShack at 2025-07-03 12:05 PM

    The bankruptcy-prone rapist kills again.

    #9 | Posted by reinheitsgebot at 2025-07-03 12:10 PM

    It took Trump to destroy it.
    #7 | Posted by YAV

    It was rising interest rate pressure on debt. You know something the US government is also struggling with.

    The market for canned goods is shrinking and there are more players today than previous decades.

    You did pretty good, but then you got greedy LyinYav, and lied again.

    #10 | Posted by oneironaut at 2025-07-03 12:17 PM

    A significant percentage of Del Monte crops are harvested outside of US borders.

    #3 | POSTED BY HUMTAKE

    Enough to keep it afloat?

    If you want to form an argument, complete that argument.

    Don't bloviate.

    Although I'll admit you're very good at it.

    #11 | Posted by Zed at 2025-07-03 12:29 PM

    #3 | POSTED BY HUMTAKE

    Do people like you really think that unharvested crops will have no effect on food prices?

    Apparently you do.

    I'll be glad to let you rant on and on about "hypocrisy", as you very much like to do.

    Provided you get rid of your magical thinking.

    Deal?

    #12 | Posted by Zed at 2025-07-03 12:48 PM

    It's funny they say the shift is towards "private label brands"... do you think they mean "store brands"

    #1 | Posted by RightisTrite

    Yes, private label means store brands. I used to work for a private label company, Ralcorp. It was one of the best jobs I've had...until Conagra bought us. I switched most of my grocery shopping to Aldi when I worked there since we were providing a large portion of their products.
    I can confirm that there is no difference between many name brands and private label products. We ran co-pack lines for quite a few name brand products.

    #13 | Posted by johnny_hotsauce at 2025-07-03 01:02 PM

    You did pretty good, but then you got greedy LyinYav, and lied again.

    You braindead stupid little ----. I didn't lie at all. I never lie. Sometimes I get things wrong - and when I do and it's pointed out, or I discover it, I own up to it. You run away like a little -----. So ---- off, ya twit.

    Yes, as others have pointed out, there's increasing pressure - for store brands - because of the failure of Trump to lower prices after running on that lie he'd do it. Yes we have debt - and we're about to add more to it so the super wealthy who don't need more money can have more money - at everyone else's expense. And yes interest rates are still higher than we're used to - because Trump's an idiot and keeps futzing with tariffs, and demonization of people, and terrifying undocumented people with no criminal records - many who are following the law and showing up for immigration hearings.

    #14 | Posted by YAV at 2025-07-03 01:30 PM

    If we see more actions like this then it's a trend being affected by government policy.

    If we don't then it's bad management by Del Monte.

    There are hundreds of company similar to Del Monte who face similar challenges.

    I don't know anything specific about Del Monte's problems, management, ownership, etc. so I can't say anything about their failure.

    #15 | Posted by eberly at 2025-07-03 02:45 PM

    "I can confirm that there is no difference between many name brands and private label products. We ran co-pack lines for quite a few name brand products."

    Very true

    #16 | Posted by eberly at 2025-07-03 02:48 PM

    interest rates are still higher than we're used to - because THE FED decides based on bankers' interests, not on Americans' interests.

    #17 | Posted by freewilly at 2025-07-03 07:11 PM

    @#17 ... interest rates are still higher than we're used to - because THE FED decides based on bankers' interests, not on Americans' interests ...

    That's a fairly definitive statement.

    What's yer got to provide any manner of substantiation for it?


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