May 4, 2021 — Thai Union has announced its participation in the Ocean Disclosure Project, a global initiative where seafood businesses publicly share details on the sourcing of their seafood.
In a statement, Thai Union said its involvement is part of its efforts to realize its global sustainability strategy, SeaChange, as well as traceability and transparency commitments in its business operations.
April 19, 2021 — Chicken of the Sea is nearing two settlements in civil litigation launched against it in relation to its role in fixing the prices of canned tuna.
The El Segundo, California, U.S.A.-based company and its parent firm, Thai Union, have agreed in principle on two separate agreements with those who claim to have overpaid for tuna it sold between 2011 and 2015 – allegations that stem from a criminal case in which Chicken of the Sea served as a whistleblower.
March 3, 2021 — Thai Union has committed to full transparency in its international tuna supply chain by 2025.
The Bangkok, Thailand-based seafood company, which notched more than USD 4.1 billion (EUR 3.3 billion) in revenue in 2019, signed a partnership with The Nature Conservancy on Wednesday, 3 March, committing to full supply-chain transparency across its global tuna supply chains.
February 26, 2021 — The Global Aquaculture Alliance’s (GAA) Best Aquaculture Practices (BAP) certification program is collaborating with seafood companies Thai Union and Devi Seafoods – along with traceability firms Wholechain and Legit Fish – to promote traceability in supply chains.
Their partnership is developing real-time digital solutions that will facilitate direct transfer of data from BAP-certified facilities to BAP’s internal data systems to support tracing of products in companies’ supply chains. This integration program is expected to meet traceability data requirements from seafood companies, the marketplace, regulators, and BAP itself, BAP said in a statement.
February 22, 2021 — Bangkok, Thailand-based seafood giant Thai Union earned a record profit last year despite losses from its Red Lobster affiliate, the company said in its Q4 results report, released 22 February.
The company’s net income in the fourth quarter rose 38 percent year-on-year to THB 1.46 billion (USD 48.6 million, EUR 40 million) on the back of strong core business results. The company’s net profit reached THB 6.25 billion (USD 208 million, EUR 17.2 million) last year, an increase of 64 percent from 2019. Thai Union said this is the first time that its net profit has surpassed THB 6 billion (USD 200 million, EUR 164.7 million).
December 21, 2020 — Thai Union announced on Monday, 21 December, that one of its employees in Samut Sakhon has tested positive for the coronavirus, amid a resurgence of infections in the Thai province.
The seafood processing hub, located west of Bangkok capital, had seen no infection for 250 days before first case was detected last week.
November 24, 2020 — The International Seafood Sustainability Foundation (ISSF) has added new labor and social standards to its requirements for member companies, which include tuna processors, traders, importers, transporters, marketers, and more.
The new standard – Conservation Measure 9.1 Public Policy on Social and Labor Standards – will require any business associated with ISSF to develop, and publish, social and labor standards and/or a sourcing policy that applies to the entire supply chain, which addresses forced labor; child labor; freedom of association; wages, benefits, and employment contracts; working hours; health and safety; discrimination, harassment, and abuse; and grievance mechanisms. The policy must be public – meaning it must be at a minimum available to the general public.
August 26, 2020 — Thai Union is looking at refinancing Red Lobster’s loans, reduced rent from landlords, and potentially closing some locations after the restaurant chain posted a USD 18.4 million (THB 579 million, EUR 15.6 million) loss in the fourth quarter.
The record losses were caused by having to close down all 600 dining rooms for a period of time, Thai Union Chief Financial Officer Joerg Ayrle said on an investor conference call.
February 19, 2020 — Thai Union has sent more than 52,000 cans of King Oscar tuna as humanitarian assistance to Wuhan, the city currently at the center of the COVID-19/coronavirus outbreak in China, Thai Union said in a statement on 14 February.
The value of the shipments was not provided.
May 28, 2019 — A group of restaurants and catering companies have reached a USD 6.5 million (EUR 5.8 million) agreement with San Diego, California, U.S.A.-based Chicken of the Sea and its parent company, Thai Union, to settle a lawsuit alleging price-fixing.
The lawsuit stems from a price-fixing scandal in the U.S. canned tuna market exposed by a U.S. Department of Justice (DOJ) investigation in which Chicken of the Sea served as the whistleblower. The scandal led to prosecution of Chicken of the Sea’s primary co-conspirators, Bumble Bee Foods and StarKist. Both companies pleaded guilty to criminal charges in cases brought by the DOJ.
Chicken of the Sea’s potential settlement with the restaurants and catering companies, proposed Friday, 24 May, still must be approved by U.S. District Court for the Southern District of California Judge Janis L. Sammartino, who has not yet formally certified the grouping of affected companies involved in the agreement as an official class in the lawsuit. The parties suing claim to represent companies that indirectly purchased packages of tuna in 40-ounce sizes or greater from DOT Foods, Sysco, US Foods, Sam’s Club, Walmart, or Costco from June 2011 through December 2016.
Parties in the so-called “commercial food preparers” class involved in the proposed settlement include Capitol Hill Supermarket, Janet Machen, Thyme Cafe & Market, Simon-Hindi LLC, LesGo Personal Chef, Maquoketa Care Center, A-1 Diner, Francis T. Enterprises d/b/a Erbert & Gerbert’s, Harvesters Enterprises, LLC d/b/a Harvester’s Seafood and Steakhouse, Dutch Village Restaurant, Painted Plate Catering, GlowFisch Hospitality d/b/a Five Loaves Cafe, Rushin Gold LLC d/b/a The Gold Rush, Erbert & Gerbert, Inc., Groucho’s Deli of Raleigh, Sandee’ s Catering, Groucho ‘s Deli of Five Points, and Confetti’s Ice Cream Shoppe.