US tuna giant Bumble Bee hired turnaround firm AlixPartners LLP as it seeks to recover after pleading guilty to fixing prices in the US ongoing tuna collusion case, reports The Wall Street Journal.
Bumble Bee is in talks with lenders after defaulting on its loan, sources close to the matter said.
The lenders have agreed to a forbearance period as restructuring talks continue.
Another US tuna giant Starkist remained firm on its inability to pay greater fines for price-fixing and cannot sells its investments to TechPack solutions earlier in July.
