Del Monte seeks bankruptcy protection as consumers turn away | Business and Economy News

Del Monte’s losses have piled up as consumers choose healthier or cheaper alternatives.

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as consumers in the United States increasingly bypass its products for healthier or cheaper options.

Del Monte announced the bankruptcy filing late Tuesday.

Del Monte, which also owns the Contadina tomato brand, College Inn and Kitchen Basics broth brands and the Joyba bubble tea…