Major iconic food brand files for Chapter 11 bankruptcy
The national food producer and distributor filed for bankruptcy with plans to sell its assets.
Rising inflation, increased ardour charges, and changing shopper attitudes toward spending salvage led national food processing companies over the final two years to reevaluate their operations and shut down manufacturing plant life to restructure their companies and slice charges.
Tyson Meals in 2023 shut down eight poultry plant life located in Arkansas, Florida, Indiana, Missouri, South Carolina, and Virginia.
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