NOVEMBER 22, 2019 BY SHELLY PALMER

Bumble Bee foods filed for bankruptcy protection on Thursday. Its assets will be purchased by Taiwan-based FCF Fishery. Bumble Bee’s management cites the company’s recent legal challenges (it was fined $25 million for creating a price-fixing cartel with Starkist and Chicken of the Sea) as one of the causes of the reorganization and sale.

Putting aside Bumble Bee’s mismanagement and bad judgement, the headwinds for this “old school” food stuff are serious. Think about this… the trend away from canned foods is clear. Read on…