Insolvent Italian food group Cirio has said it has lost control of its Brazilian household goods unit Bombril and its Del Monte brand is also under threat.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Cirio, which was granted insolvency status last month after bondholders rejected a proposal for restructuring.

The company said it could now lose its food brand Del Monte, which had served as collateral on a £20m (US$31.3m) loan by Dutch bank Rabobank to group holding company Cirio Del Monte, reported Reuters.

Rabobank is now making moves to seize the brand, which is unrelated to US food firm Del Monte Foods, in order to collect on its loan, Cirio said.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact