Del Monte Philippines Inc. is not affected by the Chapter 11 bankruptcy filing of its US parent company, Del Monte Foods Holdings Limited.
Both companies are subsidiaries of Singapore-based Del Monte Pacific Limited, which confirmed that its Philippine and Asian operations remain financially strong with stable consumer demand.
While the US unit faces restructuring and possible asset sales due to rising costs and lower sales, Del Monte Philippines continues to perform well, generating significant operating income in recent months.
The US unit secured $912.5 million in financing to maintain operations during bankruptcy proceedings.
Del Monte Pacific is evaluating the financial impact of the US bankruptcy but expects no disruption to its business outside America.
Source: PhilNews24 | July 5, 2025
DEL MONTE PHILIPPINES REMAINS STABLE DESPITE US UNIT BANKRUPTCY
Latest from Business
Philippine banks have slightly reduced their exposure to the property sector in the third quarter, maintaining
Davao City has welcomed its first all-electric taxi service as Vietnamese company Green GSM launched its
The Department of Agriculture (DA) has approved the importation of live hogs, pork, and by-products from
The Philippines’ garment exports are projected to reach $1 billion this year, an 11-percent increase from
Shopee celebrates its 10th anniversary with the release of its first impact report, Shopee: A Decade