The Brazilian units of troubled Italian food giant Parmalat, Parmalat Brasil and Parmalat Participacoes, have been admitted to bankruptcy protection by a Brazilian court.

Go deeper with GlobalData

Data Insights

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


“This decision by the court represents an important milestone in the recovery process of these businesses – the operating company and the holding company,” Parmalat was quoted by Dow Jones News as saying. 


The operations now have 24 months to settle their debts or reach an agreement with their creditors.


The units’ Italian parent Parmalat is struggling to recover from an accounting scandal in which a massive hole was discovered in its accounts.

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 - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now