Posts Tagged ‘Young’s Seafood’
Young’s profits hit by inflation
Inflation took a big chunk out of the profits of Young’s Seafood last year, the company’s latest accounts show. Turnover increased substantially during the 52 week period ended 27 March 2023, with Young’s recording £625.9m, compared with £552m for the equivalent period in 2022 (although the latter covered just 51 weeks). Profit after tax, however, was just £4.7m against…
Read MoreYoung\’s packaging hits green target
Young’s Seafood has met all its 2020 targets for packaging reduction ahead of its end of year deadline. The company is celebrating a major milestone in reducing its environmental impact and promoting sustainable business practices. In 2018 Grimsby-based Young’s committed to significant cuts in its use of paper packaging and reducing plastic packaging by 10…
Read MoreYoung\’s packaging hits green target
Young’s Seafood has met all its 2020 targets for packaging reduction ahead of its end of year deadline. The company is celebrating a major milestone in reducing its environmental impact and promoting sustainable business practices. In 2018 Grimsby-based Young’s committed to significant cuts in its use of paper packaging and reducing plastic packaging by 10…
Read MoreYoung\’s Seafood owner moves into Europe
THE owner of Young’s Seafood is poised to make a significant move into the European market. The Eight Fifty Food Group, the leading multi-protein food group controlled by the private equity firm CapVest Partners LLP announced the acquisition of Hamburg based AliSa International GmbH, trading as Greenland Seafood for an undisclosed figure. Greenland Seafood is…
Read MoreYoung\’s Seafood owner moves into Europe
THE owner of Young’s Seafood is poised to make a significant move into the European market. The Eight Fifty Food Group, the leading multi-protein food group controlled by the private equity firm CapVest Partners LLP announced the acquisition of Hamburg based AliSa International GmbH, trading as Greenland Seafood for an undisclosed figure. Greenland Seafood is…
Read MoreYoung\’s modernises pack designs
YOUNG’S Seafood has begun a major overhaul of its pack designs for the first time in many years in order to attract a younger and more socially aware section of society. The format has been launched by Britain’s largest seafood business today across its £62 million core range of products. The redesign represents further investment in the Young’s…
Read MoreYoung\’s modernises pack designs
YOUNG’S Seafood has begun a major overhaul of its pack designs for the first time in many years in order to attract a younger and more socially aware section of society. The format has been launched by Britain’s largest seafood business today across its £62 million core range of products. The redesign represents further investment in the Young’s…
Read MoreYoung\’s owner ‘struggling to attract takeover finance’
THE banks are finding it tough going trying to find support for a £305 million leveraged loan used to finance CapVest’s purchase of Young’s Seafood last summer, according to reports from the City of London. The private equity firm was re-united with Britain’s largest seafood producer in July after a gap of nearly 11 years.…
Read MoreYoung\’s owner ‘struggling to attract takeover finance’
THE banks are finding it tough going trying to find support for a £305 million leveraged loan used to finance CapVest’s purchase of Young’s Seafood last summer, according to reports from the City of London. The private equity firm was re-united with Britain’s largest seafood producer in July after a gap of nearly 11 years.…
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…
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