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
You might be interested in
Latest from Business
The Energy Regulatory Commission is set to revisit the Wholesale Electricity Spot Market (WESM) secondary price
A global report by the International Energy Agency projects that electric vehicles (EVs) could account for
The Energy Regulatory Commission (ERC) has raised the ceiling price for the waste-to-energy (WTE) auction to
Foodpanda Philippines disbursed at least ₱62 million in rider incentives from March to May to help
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) warned that the government’s proposed nutrient profile