140-Year-Old Food Giant Makes Stunning Move In New York

Here’s what the move means for New Yorkers at their favorite grocery stores.

A legendary grocery store stable is filing for bankruptcy.

140-Year-Old New York Grocery Stable Makes Major Move

Del Monte Foods, “one of the country’s largest producers, distributors and marketers of premium quality, branded food products,” is filing for bankruptcy.

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An official from the canned food giant confirmed Del Monte Foods began voluntary Chapter Eleven proceedings and entered into a restructuring support agreement with a group of its lenders.

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