From Investing.com: 2024-11-22 15:55:40

Hearthside Food Solutions filed for bankruptcy to cut $1.9 billion debt amid child labor investigations at its granola, cereal, and snack factories. The company denies knowingly using underage labor but strengthened practices after reports. Investigations led to no fines but prompted bankruptcy filing for restructuring. Lenders support the move with $150 million loan. CEO optimistic about recovery and aims to emerge by Q1 2025. Operations continue as usual during Chapter 11. Interbake Canada not included in the filing.



Read more at Investing.com: Snack maker Hearthside files for bankruptcy after child labor probe By Reuters