No. 1 milk company declares bankruptcy amid drop in demand
Story Date: 11/13/2019

 

Source: Michelle Chapman and Dee-Ann Durbin, WLOS, 11/12/19



Got milk? Increasingly, Americans don't, and that led the nation's biggest milk producer to file for bankruptcy Tuesday. Dean Foods blamed a decadeslong drop in milk consumption that has seen people turn to alternatives like soda, juice and almond milk. The Dallas company said it may sell itself to the Dairy Farmers of America, a marketing cooperative owned by thousands of farmers.

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