Pilgrim's Pride bankruptcy

By
David Wertheimer
, December 1, 2008 2:29 PM | | Comments (0) | Retweet

Poultry producer Pilgrim's Pride filed for Chapter 11 bankruptcy today in a move widely expected by financial analysts. Pilgrim's Pride has suffered a double-whammy of increased costs (for feed) and reduced demand from restaurants, which has thrown off the company's supply curve.

Pilgrim's Pride has already secured temporary financing and plans to continue operations while restructuring.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on December 1, 2008 2:29 PM.

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