CINCINNATI (WKRC) – Del Monte, a brand that lined grocery store shelves for over a century, filed for bankruptcy while searching for a buyer.
Del Monte rose to notoriety thanks to its canned vegetables, most notably green beans and corn, but the 139-year-old brand started to struggle as customer tastes changed.
“Consumer preferences have shifted away from preservative-laden canned food in favor of healthier alternatives,” said Sarah Foss, the global head of legal and restructuring at financial consultancy Debtwire…