Ignite Files Chapter 11 and Announces Sale of 
Joe's Crab Shack to KRG Acquisitions
Ignite Restaurant Group has filed for Chapter 11 bankruptcy protection in a Texas court and said it will sell off its Joe’s Crab Shack and Brick House Tavern + Tab restaurant brands to KRG Acquisitions. Ignite Restaurant Group has filed for Chapter 11 bankruptcy protection in a Texas court and said it will sell off its Joe’s Crab Shack and Brick House Tavern + Tab restaurant brands to KRG Acquisitions. ”Today's sale agreement represents the culmination of a long and thorough process, and is an important step in positioning Joe's and Brick House for future growth and success," said Ignite Chief Executive Jonathan Tibus
McDonald's stores in Atlantic Canada will not carry the McLobster sandwich this summer because of high priced lobster meat. Some stores that tried to menu the item this year were selling it for $11.99, which was two dollars more than last year. "The increased price of lobster per pound means that we are currently unable to offer this menu item at a reasonable price for our guests," said Adam Grachnik of McDonald's.
In other news Russia's Vyborg Shipyard and a group of companies members, along with Arkhangelsk Trawl Fleet, of the Non-profit Partnership North-West Fishery Consortium, signed contracts for construction of six crab-fishing vessels. The vessels are intended for catching king, snow crab and other crab species and will have Ice3 class.
Meanwhile, Indian seafood shipments reached a record high value of $5.78 billion, more $1.0 billion more than last year. India's seafood export volume was up 2 million metric ton compared to last year. The increase was primarily driven by shrimp exports to the US and other global markets. India is by far the largest shrimp supplier to the US in 2017. Monthly US shrimp imports were 80 percent in April and are up 40 percent for the year in 2017.
Finally, Orca Bay Seafoods sent out a brief notice reminding the industry that it is in the process of relocating its distribution center from Bellevue to Burien in Washington. “All orders scheduled to ship 6/12/17 & 6/13/17 will be shipped out of our current distribution center in Bellevue, WA. Beginning 6/14/17, we will be shipping out of Burien, WA,” Orca Bay said.
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