Tag Archives: Bumble Bee

Tuna Industry Faces a Price-Fixing Scandal as Bumble Bee CEO Faces Criminal Charges

Price-fixing allegations have rocked the food world for the second time this year, as the CEO of Bumble Bee Foods is facing criminal charges for allegedly working to eliminate competition in the packaged seafood industry. Christopher Lischewski has been charged with one count of price fixing. That follows earlier similar charges against three StarKist tuna executives. One, who served as senior vice president for sales, pleaded guilty last year. Two other Bumble Bee executives have already pleaded guilty to price-fixing, and the company itself agreed to pay a $25 million fine for the same offense last year. >click to read<14:27

Tuna producers up to something fishy as they face conspiracy allegations

Executives of the most popular tuna brands in the U.S. — Chicken of the Sea, Bumble Bee and StarKist — conspired regularly to keep prices high for consumers with a taste for one of America’s favourite sandwich ingredients, according to criminal and civil court records updated this week. A typical can of tuna today costs about $1.50 and the U.S. Department of Justice says that price may be the result of price fixing by Thai, South Korean and U.S. seafood dealers, while major retailers are suing alleging they’ve been ripped off. The U.S. government began investigating criminal price fixing between the three companies more than two years ago. Together the companies supply about 80 per cent of the $1.7 billion of canned tuna sold annually in the United States, according to the court records. Following up, Walmart and other top retailers filed civil lawsuits. Click here to read the story 17:14

Tuna Recall: ‘Life-Threatening’ Contamination Fear Forces Bumble Bee, Chicken of the Sea into Recall

20160356eb01415ad1aA nationwide tuna recall for potential “life-threatening” contamination includes the popular Bumble Bee and Chicken of the Sea brands, the FDA reports today. Deviations from the standard commercial sterilization process that occurred in a co-pack facility in California not owned or operated by the tuna companies forced the recall. These deviations could result in contamination by spoilage organisms or pathogens, which could lead to “life-threatening illness if consumed,” according to the U.S. Food and Drug Administration. A total of 31,579 Bumble Bee cases (six cans per case) produced in February 2016 and distributed nationally are included in the recall. Read the rest here, and spread it around 15:48

Big Three Conspire to Fix U.S. Tuna Prices, Wholesaler Says in Antitrust Class Action

tuna_cansThe “oligopolistic structure” of the nation’s three largest packed-seafood companies – StarKist, Bumble Bee and Tri-Union – helps them conspire to fix tuna prices, a class of wholesalers claim. Olean Wholesale Grocery Cooperative filed the federal complaint Monday against Bumble Bee Foods, Tri-Union Seafoods and StarKist. Tri-Union, the only name that may be unfamiliar to U.S. consumers, sells its canned fish under the trade name Chicken of the Sea. Read the rest here 19:42

Exclusive: Canned tuna company Bumble Bee eyes $1.5 billion sale – sources

(Reuters) – Bumble Bee Foods is preparing a sale process that could value North America’s largest producer and marketer of canned tuna and sardines at as much as $1.5 billion, according to people familiar with the matter. The sources asked not to be identified because the deliberations are private. The company’s owner, private equity firm Lion Capital LLP, Read more here  14:40

Starkist CEO hits back at Bumble Bee ‘buy American’ comments

Frank Pogue, vice president of marketing and corporate affairs for Starkist, hit back at comments from Bumble Bee Foods CEO, Chris Lischewski, over rules on who can supply US government food contracts. Starkist — which defended its “Made in America” claim to Undercurrent News last year — and Tri Marine International are clashing with Bumble Bee Foods and Chicken of the Sea over the US Department of Agriculture’s (USDA) strict “buy American” standards for where tuna is cleaned, canned and shipped, reported the The Hill, on Jan. 8. Read [email protected]  07:59