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
Red Lobster has declared its total liabilities at around USD 692 million (EUR 646 million) in the most recent filing in its Chapter 11 bankruptcy proceeding.
At a 21 June hearing, Red Lobster Management, Red Lobster Sourcing LLC, Red Lobster Restaurants LLC, and Red Lobster Hospitality LLC said USD 412 million (EUR 385 million) is owed to unsecured creditors.
The four companies’ total assets are USD 575.5 million (EUR 537 million),
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More must be done to boost consumption in alignment with seafood consumption amounts recommended in t
The U.S. Food and Drug Administration commissioned the study to
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Red Lobster owes seafood wholesaler Red Chamber Co. more than USD 7.6 million (EUR 7.1 million), a court filing in its Chapter 11 bankruptcy case revealed.
Vernon, California, U.S.A.-based seafood wholesaler Red Chamber submitted a USD 7.6 million (EUR 7.1 million) claim in the case, which is being overseen by the U.S. Bankruptcy Court in Orlando, Florida, U.S.A.
In the 11 June claim, Red Chamber detailed evidence it supplied 31/35 peeled,
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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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