Posts Tagged ‘Seachill’
Young\’s restructures senior management team
YOUNG’S Seafood has announced a major restructuring of its senior management team following the arrival of new chief executive Simon Smith. Smith, who recently moved across from Grimsby rival seafood business Seachill, clearly intends to hit the ground running in what is becoming an intensely competitive business. Young’s was brought back by former private equity…
Read MoreYoung\’s restructures senior management team
YOUNG’S Seafood has announced a major restructuring of its senior management team following the arrival of new chief executive Simon Smith. Smith, who recently moved across from Grimsby rival seafood business Seachill, clearly intends to hit the ground running in what is becoming an intensely competitive business. Young’s was brought back by former private equity…
Read MoreTesco promotes alternative aqua feed
TESCO, which has more than 3,000 stores in the UK, is encouraging its salmon suppliers to use more alternative aqua feed ingredients. The giant supermarket has updated its salmon standards with the intention of reducing the amount of wild caught fish that is fed to salmon. Tesco has been working in partnership with Seachill, its…
Read MoreYoung\’s profits and turnover rise
YOUNG\’S Seafood appears to be on a bounce, announcing higher turnover and profits for its latest financial year. Sales increased by 4.3 per cent to £545.9 million while EBITDA shot up by 16 per cent to £23 million and the operating profit rose from £8.4 million to £11.5 million. The company has been successful in…
Read MoreYoung\’s profits and turnover rise
YOUNG\’S Seafood appears to be on a bounce, announcing higher turnover and profits for its latest financial year. Sales increased by 4.3 per cent to £545.9 million while EBITDA shot up by 16 per cent to £23 million and the operating profit rose from £8.4 million to £11.5 million. The company has been successful in…
Read MoreYoung\’s Seafood sold in major deal
YOUNG’S Seafood has changed hands in a multi-million pound deal, it was announced today. Britain’s largest seafood business has been bought by CapVest, its former private equity owner, and will now become part of a multi-protein food group involving Karro, a leading UK pork processor. CapVest Partners said the new group has significant potential for…
Read MoreYoung\’s Seafood sold in major deal
YOUNG’S Seafood has changed hands in a multi-million pound deal, it was announced today. Britain’s largest seafood business has been bought by CapVest, its former private equity owner, and will now become part of a multi-protein food group involving Karro, a leading UK pork processor. CapVest Partners said the new group has significant potential for…
Read MoreGrimsby pays tribute to ‘seafood giant’
FRANK Flear, one of the UK’s great seafood pioneers, has died at the age of 84. A larger than life figure, he created and built two major companies, Bluecrest, which later became an integral part of Young’s Seafood, and latterly Seachill, now one of the biggest salmon and white fish processors in the country, as…
Read MoreTesco confirms 9,000 jobs at risk
THERE was qualified relief in Grimsby last night that Tesco plans to closer fewer than reported fresh fish counters at its larger stores. Britain’s largest grocery retailer, which has more than 200,000 employees, announced that around 90 of its stores will lose their fresh food sections, although the counter opening hours at many of the…
Read MoreTesco jobs review fuels Grimsby fears
FISH processors in Grimsby were today anxiously studying reports that the supermarket giant Tesco is planning to cut back on the number of fresh fish counters in its larger stores as part of a major jobs review. The reports, which first appeared in the Mail On Sunday, suggest that the retailer could axe thousands of…
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