Tag Archives: L’Étang-Du-Nord
A seafood processor from the Îles-de-la-Madeleine in serious financial difficulty
With an estimated debt of between $3.5 million and $4 million to its lobster fishermen, the Madelinan seafood processing company LA Renaissance des Îles (LRDI) has decided to place itself under the protection of the Act respecting the ‘insolvency. This is what the president and CEO and sole shareholder, Lynn Albert, announced to the fishermen who supply her with lobster, during an information meeting held on Friday morning, learned the QMI Agency. LRDI is in default of payment for its dockside purchases from 66 fishermen for the last two weeks of the 2022 fishing season, totaling $3.7 million. Added to this are, among other things, deductions for government rebates and other operating expenses of fishing businesses. >click to read< 07:34
