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Keyword: fcffishery

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  • Bumble Bee Tuna Files for Bankruptcy Following Price-Fixing Scandal

    11/26/2019 1:44:46 AM PST · by LibWhacker · 44 replies
    Food & Wine ^ | 11/25/19 | Mike Pomranz
    Bumble Bee Foods—which along with StarKist and Chicken of the Sea is one of America's largest canned tuna brands—filed for bankruptcy on Thursday and plans to sell its business to the Taiwanese seafood company FCF Fishery. The sale should conclude what has been a wild ride for Bumble Bee since 2015 when a previous sale attempt revealed a massive price-fixing scheme across the entire U.S. tuna industry. But for consumers, store shelves should remain normal despite all the chaos behind the scenes. Though the Department of Justice had long appeared concerned about price fixing in the canned tuna market, things...