The Brazilian unit of scandal-ridden Italian food group Parmalat has filed for bankruptcy protection from creditors.

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


Parmalat Brasil Industria de Alimentos will be given two years to pay off its debts whilst under court protection from its creditors if the filing is successful, reported Reuters. The company’s creditors include Citigroup, Bank of America and Standard Chartered.


Parmalat Brasil’s Italian parent is in the midst of a huge financial scandal and is believed to be €14bn (US$17.5bn) in debt. Since Parmalat’s financial crisis emerged in December, its Brazilian unit has had difficulties paying its suppliers and is facing several lawsuits.

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