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Is Dean Foods going out of business?

Dean Foods, America’s largest milk producer, is filing for bankruptcy. The 94-year-old company has struggled in recent years because Americans are drinking less cows milk. 2019 has been particularly brutal: the company’s sales tumbled 7% in the first half of the year, and profit fell 14%. Dean Foods (DF) stock has lost 80% this year.

Who is the CEO of Dean Foods Company?

(November 2017) Gregg A. Tanner is the chief executive officer of Dean Foods Company. He has been the CEO since October 31, 2012.

Why has Dean Foods stock lost 80% this year?

Dean Foods (DF) stock has lost 80% this year. The company, which produces some of the country’s most recognizable milk and dairy products, including TruMoo, Dairy Pure and Land O’ Lakes milks, has blamed its struggles on the “accelerated decline in the conventional white milk category.”

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