Dole Food Co. reported a first-quarter loss of $65.6 million, largely due to its packaged foods operations, which have since been discontinued and sold to a Japanese firm for $1.7 billion in cash. The Westlake Village-based produce giant sold its global packaged foods and Asia fresh produce businesses to Itochu Corp. in a deal that Read More →
Produce giant Dole Food Co. missed Wall Street expectations as it saw a third-quarter loss of $5.3 million, or 6 cents a share, on revenue of $2 billion. The loss is an improvement over third-quarter results from last year, when the Westlake Village-based food company reported a loss of $12.1 million, or 14 cents a Read More →
Produce giant Dole Food Co. sold its worldwide canned food business to Japanese conglomerate Itochu Corp. on Tuesday, fetching $1.7 billion and marking the Westlake Village-based firm’s exit from Asia. Proceeds from the all-cash sale, the biggest in Dole history, will be used to pay down debt, Dole said. Tokyo-based Itochu now has exclusive rights Read More →
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