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Started By
Message
dean foods files for chapter 11 bankruptcy
Posted on 11/12/19 at 11:34 am
Posted on 11/12/19 at 11:34 am
Blames declining milk sales and loss of stock value.
4
Posted on 11/12/19 at 11:55 am to L1C4
I think they lost Walmart contract
Posted on 11/12/19 at 2:25 pm to Jjdoc
Hmm wonder if WMT or Kroger may be contemplating purchasing the company outright?
Posted on 11/13/19 at 6:24 am to Shepherd88
Wmt already has their own milk facility, that’s why Dean started to lose share, but they’ve had pain at other retailers as well.
There’s plenty of truth to reduced milk consumption; not really a growth category.
There’s plenty of truth to reduced milk consumption; not really a growth category.
Posted on 11/13/19 at 6:40 am to LSUfan20005
There’s a difference between declining milk and filing bankruptcy. More to see here then they are leading on us my guess.
Posted on 11/13/19 at 9:18 am to Shepherd88
Dean’s in talks with the Dairy Farmers of America (DFA) about a deal in which DFA would buy almost all of Dean, a dairy aisle mainstay that produces Land O'Lakes and Organic Valley's milks. Dean also said it’s secured $850 million in financing from existing lenders.
Posted on 11/13/19 at 1:51 pm to L1C4
Milk is a tough business. $5/gal and how many are sold a day vs the $5 starbucks coffee cup.
Posted on 11/17/19 at 7:03 pm to L1C4
Sounds like their business soured.
Posted on 11/17/19 at 11:41 pm to L1C4
Their spokesman was on SNL's Weekend Update. Funny guy.
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