"Consumer preferences have shifted away from preservative-laden canned food in favor of healthier alternatives," said Sarah Foss, global head of legal and restructuring at Debtwire, a financial consultancy.
Grocery inflation also caused consumers to seek out cheaper store brands. And President Donald Trump's 50% tariff on imported steel, which went into effect in June, will also push up the prices Del Monte and others must pay for cans.
Del Monte Foods, which is owned by Singapore's Del Monte Pacific, was also hit with a lawsuit last year by a group of lenders that objected to the company's debt restructuring plan. The case was settled in May with a loan that increased Del Monte's interest expenses by $4 million annually, according to a company statement.
During the coronavirus pandemic, when more people were eating at home, demand rose to record highs, Del Monte said in the filing, and the company committed to higher production levels. Once demand began to ease, Del Monte was left with too much inventory that it was forced to store, write off and “sell at substantial losses.”
The company also said it had carried a large amount of debt since it was acquired in 2014 by Del Monte Pacific Limited, which borrowed to finance the acquisition. Interest rates continued to increase, and the company’s annual cash interest expense has nearly doubled since 2020.
If you're up for a 12 minute video, besides re-iterating the points above (particularly underscoring the debt issue), it also points out that the company has changed hands many times in its history.
I'm glad to see PyInfra is still under active development. I don't currently use PyInfra, but I previously used it for a couple years to manage a build farm of about 100 Mac Pros. Those machine had previously been partially managed by Chef to ill effect.
I found PyInfra to be a great tool for the job at hand. Even though it didn't have many of the operations I needed, I found it easy to write new operations specific to macOS management tasks.
I recently looked at it again to help build EC2 Mac AMIs in combination with Packer, but I ended up with pydoit this time instead.
GHEC is a terrible fucking product too and for the life of me I don't understand why they didn't use subdomains to namespace customers from each other and from github.com.
It should be mycompany.github.com because the way it is now, we have to rename all our damn repo orgs as we move from GHES to GHEC ("github.com/mycompany-org/repo") which is no guarantee either because anyone could create that org before is. All sorts of terrible UX falls out from not having name-spaced the GHEC customers.
Sibling comments have made their point. I'll just add:
“But the book was on the shelf…”
“On the shelf? I eventually had to go down to the cellar to find it.”
“That’s the display department.”
“With a flashlight.”
“Ah, well, the lights had probably gone.”
“So had the stairs.”
“But look, you found the book, didn’t you?”
“Yes,” said Arthur, “yes I did. It was on a shelf in the bottom of a locked filing cabinet stuck in a disused lavatory with a sign on the door saying ‘Beware of the Leopard.”
Ah, so it could be used in the daytime. I read the whole article assuming it was only useful at night. (When else would you be flying a bomber and need high accuracy?)
It's the first song mentioned in the article, but oddly no link to a performance. There's links to two other of her songs. The cover is lovely, as is the rest of that artist's music.
Gosh, "Talkin' Like You (Two Tall Mountains)" is heartbreaking:
"Consumer preferences have shifted away from preservative-laden canned food in favor of healthier alternatives," said Sarah Foss, global head of legal and restructuring at Debtwire, a financial consultancy.
Grocery inflation also caused consumers to seek out cheaper store brands. And President Donald Trump's 50% tariff on imported steel, which went into effect in June, will also push up the prices Del Monte and others must pay for cans.
Del Monte Foods, which is owned by Singapore's Del Monte Pacific, was also hit with a lawsuit last year by a group of lenders that objected to the company's debt restructuring plan. The case was settled in May with a loan that increased Del Monte's interest expenses by $4 million annually, according to a company statement.
https://www.pbs.org/newshour/nation/del-monte-files-for-bank...
During the coronavirus pandemic, when more people were eating at home, demand rose to record highs, Del Monte said in the filing, and the company committed to higher production levels. Once demand began to ease, Del Monte was left with too much inventory that it was forced to store, write off and “sell at substantial losses.”
The company also said it had carried a large amount of debt since it was acquired in 2014 by Del Monte Pacific Limited, which borrowed to finance the acquisition. Interest rates continued to increase, and the company’s annual cash interest expense has nearly doubled since 2020.
https://www.nytimes.com/2025/07/02/business/del-monte-bankru...
If you're up for a 12 minute video, besides re-iterating the points above (particularly underscoring the debt issue), it also points out that the company has changed hands many times in its history.
https://www.youtube.com/watch?v=879CJsz8X6A
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