Christine Blank, a veteran freelance writer and editor, covers all aspects of the seafood industry, from fishing to processing to selling and serving the final product. When she is not writing for SeafoodSource, Christine gets to taste scrumptious seafood dishes at U.S. restaurants for her food and travel blog, Flavorful Excursions (www.flavorfulexcursions.net). Christine loves to eat seafood of any kind, but lobster, crab and crawfish are among her favorites. In addition to SeafoodSource.com and SeaFood Business, Christine’s articles have been published in hundreds of leading magazines and newspapers, such as The New York Times, USA Today and Associated Press.
Author Archive
Fortress Credit Corp. has been confirmed as the stalking horse bidder in the auctioned sale of Red Lobster, approved to take place in late July by the judge overseeing the Orlando, Florida, U.S.A.-based seafood restaurant chain’s bankruptcy proceeding.
Fortress, a private investment firm with USD 48 million (EUR 44.7 million) under management and a focus on distressed companies, has become one of Red Lobster’s largest creditors.
On
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Average seafood retail prices dropped again in May 2024, continuing a steady decline in recent months. But it was not enough to boost sales, which dropped despite holiday surges from both Mother’s Day and Memorial Day.
Frozen seafood prices dropped 3.6 percent year over year in May, the largest decrease by category across the seafood retail landscape, but sales of frozen seafood by value dipped 4.6 percent to USD 738 million (EUR 687
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As more Americans plan to celebrate Father’s Day on 16 June and hold cookouts this summer, June retail seafood sales are likely to shift upwards.
Father’s Day spending is expected to reach a near-record of USD 22.4 billion (EUR 20.9 billion) this year, according to an annual National Retail Federation and Prosper Insights & Analytics survey. That is the second-highest figure in the survey’s history and nearly meets last
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New York City, New York, U.S.A.-based data firm Debtwire believes bankrupt restaurant chain Red Lobster, which filed for Chapter 11 bankruptcy in May, has several legal avenues it can explore to pursue litigation against former minority owner Thai Union.
In his firm's bankruptcy filings, CEO Jonathan Tibus said Red Lobster is investigating the impact of the undue control Thai Union exerted through proxies including former CEO Paul Kenny
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A class-action complaint against Conagra claims the manufacturer of Van de Kamp and Mrs. Paul’s frozen fish products artificially adds weight to fish via overglazing.
Filed in the U.S. District Court for the Northern District of Illinois in Chicago on 11 June, the complaint estimates total claims, if awarded, will likely exceed USD 5 million (EUR 4.6 million).
The complaint, brought by two consumers who have purchased Mrs. Paul’s and
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