Red Lobster lays much of bankruptcy blame on former CEO Kenny, Thai Union
'Certain operational decisions by former management have harmed the debtors' financial situation in recent years' -- Jonathan Tibus, CEO of Red Lobster Management
Week 20 shrimp prices stable in Ecuador, India but rise in China, Indonesia
Farm-gate prices for vannamei shrimp remained flat in two key production regions of Ecuador and India in week 20, but China and Indonesian levels were up
Japan’s Nichirei focuses on eco-labeled seafood for higher profits
The food giant has set a negative growth target for the seafood unit's revenue of JPY 50bn for the year 2024 in an effort to reduce the handling of low-profitability products
Sykes, Klaas Puul parent passes $400m turnover in ‘challenging’ year
The acquisitive parent company of Sykes and Klaas Puul saw turnover rocket in its latest financial year, but its pre-tax profit took a hit from one-offs
US shrimp imports a little better than flat in first quarter
Shrimp prices continue to descend in the US, but volumes are keeping pace and even rising a little, based on the latest seafood trade data published by the National Oceanic and Atmospheric Administration
Indian online delivery platform Licious to build 500 stores
The meat and seafood service will open five physical stores in Bengaluru by June and increase the store count to 35-40 across two-three cities by the end of this fiscal year
Avanti, Devi, Sandhya Aqua top Indian shrimp revenue ranking
Shrimp Insights has published a detailed report on India's largely opaque shrimp sector, which breaks down the revenue and production of the largest players
China, US pull up Vietnam shrimp exports again, but prices ease
Vietnam's export volumes are up quarter-on-quarter, but despite a strong proportion of those being value-added, export prices are still down
After tough 2023, Minh Phu targets 40% hike in shrimp export value
The Vietnamese shrimp business is aiming for a return to 2022 export revenues on higher volumes, while the long-term goal is to hit 70,000t of exports worth $720m
Human rights group urges Indian gov’t, shrimp sector to probe supply chains
After the SEAI questioned the methods and integrity of the Corporate Accountability Lab and the AP, the human rights group said, 'companies should not wait for reporters to expose their shortcomings'