Del Monte retail chain to launch in US
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Three Del Monte entities will launch a series of JVs, including a Del Monte retail concept to be rolled out in the US.
Del Monte Pacific (DMPL), a subsidiary of Del Monte Foods and Fresh Del Monte Produce have agreed to launch the retail F&B concept modelled after a Fresh Del Monte Produce business in the Middle East. They also agreed to expand the distribution of refrigerated goods internationally.
Initially the focus of the Del Monte retail stores will be in the US market with the potential for expansion into other territories, says DMPL, which is dual listed in the Philippines and Singapore.
The stores will offer foods and beverages aimed at consumers seeking healthier options. The companies are also collaborating on product innovations, including a line of chilled juices, new varieties of prepared refrigerated fruit snacks, and guacamole and avocado products.
As well as Del Monte, the group’s heritage brands include College Inn, Contadina and S&W, most of which originated in the US more than a century ago as premium packaged-food products. The group has exclusive rights to use the Del Monte trademarks for packaged products in the US, South America, the Philippines, the Indian subcontinent and Myanmar.
DMPL is 67 per cent owned by NutriAsia Pacific and Bluebell Group Holdings, which are beneficially owned by the Campos family of the Philippines. The NutriAsia Group sells liquid condiments, specialty sauces and cooking oil in the Philippines.
The JVs follow the full and final settlement of active litigation between the companies, which had been centered on licensing rights and product distribution in various international territories.
Questions & Answers
Q.Which specific Del Monte entities are involved in establishing the new retail concept?
Which specific Del Monte entities are involved in establishing the new retail concept?
Del Monte Pacific, a subsidiary of Del Monte Foods, and Fresh Del Monte Produce have agreed to launch the retail food and beverage concept. These three entities will form a series of joint ventures.
Q.What type of products will the new Del Monte retail stores primarily offer to consumers?
What type of products will the new Del Monte retail stores primarily offer to consumers?
The stores will focus on foods and beverages aimed at consumers seeking healthier options. This includes new varieties of prepared refrigerated fruit snacks, chilled juices, and guacamole and avocado products.
Q.What led to the formation of these new joint ventures between the Del Monte entities?
What led to the formation of these new joint ventures between the Del Monte entities?
The joint ventures follow the full and final settlement of active litigation between the companies. This legal dispute had centred on licensing rights and product distribution in various international territories.