Canned-Food Producer Del Monte Foods Files for Bankruptcy

It's not the company it used to be. The man from del Monte said yes to corporate takeover and reshuffles of the brand asset. (Maybe "the man from del Monte said yes" was purely an Australian ad of three decades ago but it had the feel of a worldwide campaign)

  > it has carried substantial debt since it was acquired by DMPL from a group of funds led by KKR. The acquisition by DMPL, [...] was funded by debt that was put on Del Monte’s balance sheet

Ahh, leveraged buyout strikes again. Noice.