Bumble Bee inks $850m debt refinance as $25m fine looms
Weeks after it reached an agreement with US prosecutors to pay a $25 million fine over the next five years, Bumble Bee Foods has inked a deal to refinance $850m in debt
Sources: Guilty pleas from Bumble Bee, Starkist execs support claim Thai Union is whistleblower in price-fixing suit
Guilty pleas from execs with Starkist and Bumble Bee, as well as latter company itself, support legal claims Chicken of the Sea is whistleblower on price-fixing cartel
Bumble Bee enters guilty plea for tuna price fixing, agrees to pay $25m fine
US shelf stable seafood giant Bumble Bee Foods entered a guilty plea on Wednesday for its role in a tuna price fixing cartel, agreeing to pay a fine of $25m
Trader Joe’s wants new tuna underfilling lawsuit dismissed
Grocer Trader Joe's is once again asking a judge to dismiss a class-action suit that accuses the company of selling under-filled cans of tuna
Samoan gov’t comes out with five-year plan to develop tuna sector
According to country's minster of fisheries, the plan is also aimed at maximizing economic and social benefits derived from the use of these tuna resources for Samoans
Lion looks to divest Bumble Bee Canadian ops, High Liner tipped as possible buyer
London-based Lion Capital said to be looking to sell Canadian Bumble Bee operations, with frozen seafood processor High Liner reportedly in the running for deal
Thai Union on Chicken of the Sea hiring drive after exodus linked to office move
Thai Union looks to hire over 20 new executives in the US amid plans to move shelf stable ops from San Diego to new office in El Segundo, where frozen supply company is based
US albacore catchers still waiting for fish
Albacore fishermen are still waiting for the fish to show up on the US west coast after being on the water for about a month
Thai Union inks deal with Greenpeace to cut FAD use in supply chain by 50%
World’s largest tuna canner and Greenpeace make joint announcement on sweeping supply chain changes, including cutting amount of FADs used globally by half
Greenpeace Canada: Number of sustainably caught tuna products quadruples
However, the activist organization says major Canadian retailers still favor unsustainable brands