News Summary October 10, 2016
Today's Main Story: Thai Union Makes $575 Million Investment in Red Lobster
Leading the news today is a focus on Thai Union Group which made a major strategic investment in Red Lobster, for $575 million, the company announced on Monday. This follows Thai Union's purchase of the remaining 18% it did not own of Chicken of the Sea Frozen Foods last week. Golden Gate Capital, which purchased Red Lobster when it was spun off from Darden will remain the majority owner, and retain operational control.
In other news, the Genuine Alaska Pollock Producers (GAPP) launched a broad information campaign to improve German consumers’ perceptions of Alaska pollock, and to understand what is driving their purchase decisions. New research conducted by the German market research institute Forsa shows that German consumers place the most value on transparency when making a seafood purchase decision.
Elsewhere, Zhangzidao, the largest scallop producer in China, will cooperate with Atlantic Capes
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