Foodservice & Retail
According to the Vietnam Association of Seafood Exporters and Processors, free breeding has significantly increased the country's catfish output, causing a supply surplus resulting in low prices for farmers.
VASEP suggested the catfish output be adjusted to better match demand and spur an increase in prices.
The Mekong Delta region, home to 84 catfish processing factories, has yielded more than 1.2 million tons of catfish so far this year.… Read More
Legal Sea Foods, which operates 32 upscale casual seafood restaurants on the East Coast, was named the most family-friendly restaurant by Parents magazine last week.
The magazine polled more than 50 of the largest full-service or buffet-style chains to find out what they offer children.
"Don't be surprised if your little one opts for something more adventurous," says Parents. "At most locations, wood-grilled fish is more popular than any… Read More
Darden Restaurants of Orlando, Fla., yesterday posted higher fourth-quarter profits for fiscal 2008, boosted by Olive Garden, which continued to attract casual diners in the weak economy, and lower costs that helped increase operating profit at Red Lobster.
Chief Operating Officer Drew Madsen said in a statement the quarter and fiscal year had been "challenging," but added the company's brands outperformed the industry.
However, U.S.… Read More
Sea Star Seafood Corp. of Marlborough, Mass., announced today that it was named Kroger's Seafood Supplier of the Year.
Kroger is the nation's second largest food retailer, trailing only Wal-Mart, according to the Food Marketing Institute. The Cincinnati-based supermarket company - whose banners include Ralph's, Fred Meyer's, QFC, Smith's Dillon, Fry's, King's Sooper and Food 4 Less - posted 2007 sales of more than $65 billion and operates… Read More
Judges on last night's episode of "The Next Food Network Star" selected contestant Kelsey Nixon's recipe for White Chocolate Macadamia Crusted Tilapia to be featured on Red Lobster's "Today's Fresh Fish" menu. One of the judges was Michael LaDuke, Red Lobster's senior executive chef. The restaurant will begin offering the item today at all locations.
"Kelsey's recipe is an innovative, flavorful take on simple fresh fish- the unique ingredient… Read More
Landry's Restaurants yesterday announced it agreed to allow CEO Tilman Fertitta to acquire the remaining 61 percent stake in the Houston-based restaurant and hospitality company.
Under the terms of the deal, Fertitta Holdings Inc. will buy Landry's for $21 per share in cash.
Fertitta submitted his original bid of $23.50 per share in late January and lowered the offer in April, citing the deteriorating credit market.
To fund the deal,… Read More
Shells Seafood Restaurants turned a profit in the first quarter of 2008, even though same-restaurant sales tumbled 15.6 percent.
The Tampa, Fla.-based casual seafood chain on Friday reported earnings of $119,588 on revenue of $10.7 million, compared with earnings of $34,926 on revenue of $13.4 million for the same period last year.
Shells was able to turn a profit by reducing administrative costs by cutting salaries and bonuses. The chain… Read More
Bonefish Grill, which operates 130 upscale casual seafood restaurants in 31 states, is featuring Arctic char and wolffish on its menu through the remainder of June.
Guests can pair the Arctic char, flown in fresh from Iceland, with a variety of toppings, including zesty mango salsa, chimichurri sauce, lemon butter and Pan-Asian teriyaki glaze with wasabi cream. The fish is a perfect candidate for Bonefish's signature wood-fired grilling… Read More
Cameron Mitchell Restaurants launched a new seafood chain, based on its Mitchell's Ocean Club concept. The first of five Ocean Prime locations opened last week in Troy, Mich. Four additional locations are set to open this year in Florida and Arizona.
The chain is being touted as a modern American supper club. Locations will highlight retro elements of a supper club combined with contemporary style and featuring private dining rooms, a… Read More
Packaged seafood products are immune to a recession, according to an analysis of macroeconomic variables conducted by The Nielsen Co., which revealed its findings Wednesday at its Consumer 360 Conference in Phoenix.
Nielsen identified five recession-proof categories of consumer packaged goods (CPGs) - seafood, dry pasta, candy, beer and pasta sauces - as well as five categories that are vulnerable to a recession - carbonated beverages, eggs,… Read More