Something’s fishy at Bumble Bee tuna

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…

Comment - Please use your first and last name. Comments of up to 350 words are welcome.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s