Minigoo Fisheries Files for Protection From Creditors


LENNOX ISLAND, P.E.I. — Though it only opened its doors a few months ago, Native-owned Minigoo Fisheries recently laid off employees and filed for protection from creditors.

Minigoo dismissed workers last week, citing the need to restructure the company. Though layoffs are common and expected in the seasonal fishing industry, the CBC recently learned that the company planed to file court papers to prevent creditors from potentially bankrupting the ailing fishery. If the court accepts the proposal, Minigoo will have 30 days to come up a plan to refinance the company.

According to reports, CEO Jon Osmonn recently resigned amid uncertainty about the fishery’s future. However, company spokesman Jack MacAndrew is optimistic that next lobster season will be business as usual for Minigoo.

“Minigoo is in the midst of making some changes,” MacAndrew told the Charlottetown Guardian. “Minigoo will have a future.”


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Rosanna Caira is the editor and publisher of Kostuch Media’s Foodservice and Hospitality, and Hotelier magazines. In her capacity as editor of Canada’s two leading hospitality publications, Rosanna directs the editorial and graphic content of both publications, and is responsible for the editorial vision of the magazines, its five websites as well as the varied tertiary products including e-newsletters, supplements and special projects. In addition to her editorial duties, Rosanna also serves as publisher of the company, directing the strategic development of the Sales and Marketing, Production and Circulation departments. Rosanna is the face of the magazines, representing the publications at industry functions and speaking engagements. She serves on various committees and Boards, including the Board of Directors of the Canadian Hospitality Foundation. She is a recipient of the Ontario Hostelry’s Gold Award in the media category. In 2006, Rosanna was voted one of the 32 most successful women of Italian heritage in Canada. Rosanna is a graduate of Toronto’s York University, where she obtained a BA degree in English literature.

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