Campbell’s Soup Faces Serious Challenges
Campbell’s Soup, a beloved staple in American kitchens for nearly two centuries, is now on the brink of potential closure. The company’s struggles are largely driven by changing consumer preferences, with more people opting for natural, unprocessed foods over Campbell’s traditional, processed offerings.
In an attempt to stay relevant, Campbell’s expanded its portfolio through a series of acquisitions, but this strategy has resulted in a heavy $9 billion debt burden.
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This is so smart! Wish I knew about this sooner!
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