Post

The Washington Post
@washingtonpost.com

Del Monte Foods, the nearly 140-year-old company whose canned fruits and vegetables have long been grocery store staples, has filed for bankruptcy as it grapples with mounting debt, post-pandemic headwinds and shifts in consumer spending.

wapo.stDel Monte Foods, maker of popular canned goods, files for bankruptcyThe company, founded in 1886, said it was voluntarily initiating Chapter 11 proceedings, citing mounting debt, economic headwinds and consumer spending shifts.

1.3K reposts3.8K likes

ry
@rcbirbman.bsky.social

Del Monte is a huge employer in the Central Valley. Del Monte closing shop would be a huge hit to already deeply disadvantaged communities.

ry
@rcbirbman.bsky.social

Affordable, long-lasting in storage, crucial for food banks providing very low income communities. Maybe take a second and think about who might need to rely on canned vegetables as a calorie/nutrient source. Think about the unhoused, folks living in cars and RVs, etc.

Dave B
@mrplowthatsmyname.bsky.social

Why are you speaking to me in that condescending tone? Someone wants to know how a company that sells canned food is struggling. I asked them a question to demonstrate changing consumer habits were a major contributor.

Karen Hielsberg
@birdergal.bsky.social

Wonder how much "store"brands sold by the Big 3 grocery chains contributed to this. I have a few favored brands of processed foods based on quality, quantity, flavor and price, and find it increasingly that they are replaced by store brands, cheaper but not as good. I'll miss Del Monte products.

ttflowers.bsky.social
@ttflowers.bsky.social

Forty odd years ago I worked a construction site adjacent to a Del Monte cannery in Emeryville, Ca. It was interesting to observe that at lunch break DM workers made a bee-line to a corner liquor store and drank their lunch in a nearby vacant lot

Marie In Atlanta
@marie-atl.bsky.social

Doesn't make sense. Plenty of people I know are stocking up canned food in case supermarket shelves go empty. This sounds like somebody needs their golden parachute and this is a convenient way to shaft employees.

Skywolfen
@vishnutheprotector.bsky.social

I have worked for KKR in a hotel that was owned by them and was managed by a company called KSL, which all the employees said meant Keep Slavery Legal. They are cheap bastards that only care about wealth and power. I feel sorry for Del Monte. Who doesn’t remember eating vegetables from them? Sad! 😔

Election_Every
@electionevery.bsky.social

Del Monte cans imperfect produce farmers can't sell to national chains and labels them as USDA Commidities for CSFP (Comodity Supplemental Food Programs) for needy Americans. #Trump, #Musk and #DOGE decimated that program.

Kelli
@kelli2.bsky.social

All they need to do reduce the salt, sugar and hfcs by 90% and that will save them money from day one. 🤷‍♀️ People are making better health choices and it doesn't include 2-days worth of sodium or 1/4 of sugar/hfcs per can. 🤷‍♀️

Mr T
@mrtmdc.bsky.social

Del Monte the company that persuaded President Eisenhower to turn his back on Cuba’s requests for help? If it wasn’t for their interference in politics the Cuban missile crisis would never have happened and Cuba would have come under the American instead of the Russian sphere of influence.

Raj. S. Kumar
@rsk-1m.bsky.social

I think it's more to do with abuse, torture and human exploitation that their products have been de-shelved by major supermarkets. The compensation claims from their Kenya Thika farm would amount to millions being paid out. Better they went quietly.... www.theguardian.com/world/2024/m...

theguardian.com‘I saw many people suffer’: former Del Monte Kenya guards speak of violence on pineapple farmExclusive: Former guards tell of clashes on farm that is facing civil claims over allegations of killing, rape and beatings
Chrisby
@chrisbyc.bsky.social

Whoa - surprise. Won't matter in the end b/c we won't have any vegetables to can. The workers will all be in concentration camps. On their way to god knows where. The govt spending billions to do all this. No food, no workers, no money left. Great.

scranr.bsky.social
@scranr.bsky.social

I'm not going to be one of those crying for this company. People in the US have no idea how much these conglomerates destroy lives in poor country. Cameroon as an example, saw its local farmers lose everything as the thieving gov't granted their lands to Del Monte for cheap bananas to Europe.

isosolies.bsky.social
@isosolies.bsky.social

Private Equity strikes again. Its out of control. Just buying up companies, loading them with debt then milking them for their cash by starving them of investment, cutting costs and firing workers. Once they've been paid back then they leave them to wither and die. Its the next financial calamity.

CC
@casaconnie.bsky.social

“with the goal of ultimately selling them for a profit. These investments are typically made by private equity firms, who pool capital from investors, such as pension funds, endowments, and high-net-worth individuals.”

Bob Moody
@livehappy.bsky.social

KKR's SOP is to buy a company, using that company to borrow the money for the acquisition, suck all the cash out through management fees, and then let it go bankrupt. Del Monte's bankruptcy won't hurt KKR. They've already made their profit.

Hollerback99
@hollerback99.bsky.social

Cool #Trumppolicies already destroying an American canned foods company Del Monte who had been in the business of feeding Americans for 140 years. Turns out Trump is not so good for American business. Or feeding Americans. Or freedom or people in general. General Trump of the Great American Gestapo

Nanjde
@nanjde.bsky.social

WAPO the major donor to the trump Nazi regime! Who the hell would believe any shit from this traitorous media... Del Monte files for bankruptcy, blames trump’s steel tariffs for rising costs should be the headline Grocery inflation also caused consumers to seek out cheaper store brands.

Nanjde
@nanjde.bsky.social

trump’s 50% tariff on imported steel, which went into effect in June, will also push up the prices Del Monte and others must pay for cans. Based in Walnut Creek, CA ,they also own the Contadina tomato brand, College Inn and Kitchen Basics broth brands and the Joyba bubble tea brand.

Dirt e Deeds
@dirtedeeds.bsky.social

Tariffs on agriculture are needed, domestic food production is important for national security. While retaliatory tariffs have played a role the bigger problem is labor costs making imports cheaper. Deportations are going to hurt us BAD, illegal farm workers need to be given a path to citizenship.

Dirt e Deeds
@dirtedeeds.bsky.social

As of 2025 around 70% of farm workers in the US are immigrants, 40% of those are illegals. I don't want those people exploited, a path to citizenship would fix that problem but Republicans are too concerned about those people not voting in their favor, plus their voter base is racist.

Dirt e Deeds
@dirtedeeds.bsky.social

Just to show why we have to do everything we can to be self sufficient in food production look at China, they are pushing for it HARDCORE because they know being reliant on imported food in a war makes them easier to defeat. So tariffs aren't bad, the deportations are. share.google/CFgiJ29V4U32...

share.googleChina's grand plan for food self-sufficiency - Asia TimesAs global food security becomes an increasingly pressing concern, China’s strategies to achieve agricultural self-sufficiency by 2025 are pivotal for both
todmanpla.bsky.social
@todmanpla.bsky.social

Needs to be laws to prevent businesses being run like this. There will be losses for creditors who acted in good faith and their business will be at risk now, employees.with and uncertain future, probably tax avoidance and a general undermining of society, with wealth leached out to fewer people

That Other Dude
@theotherdude.bsky.social

One factor that isn't discussed in these stories is the rise in quality of store brands. Here in Texas, HEB canned goods are as good or better than name brands. Central Market branded canned goods are better. Much better. The story reads like it's all about finance, but there's so much more here.

astevepa.bsky.social
@astevepa.bsky.social

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