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…

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Young\’s paid Pinneys staff £7.7 million

YOUNG’S Seafood spent more than £7 million on redundancy payments to the 450 staff who worked at its Pinneys salmon site in Annan, the company’s annual report has revealed. The factory closed amid controversy last year after the company decided to move salmon production to Grimsby and abandon the manufacture of some loss making items.…

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Young\’s paid Pinneys staff £7.7 million

YOUNG’S Seafood spent more than £7 million on redundancy payments to the 450 staff who worked at its Pinneys salmon site in Annan, the company’s annual report has revealed. The factory closed amid controversy last year after the company decided to move salmon production to Grimsby and abandon the manufacture of some loss making items.…

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Young\’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…

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Young\’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…

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Chief executive to stay on at Young\’s Seafood

BILL Showalter is to stay on as chief executive of Young’s Seafood, despite stepping down as a director of the company. He has been at the helm of Britain’s largest seafood business since July 2016, first as interim chief executive and then as full chief executive in January 2017. There had been some speculation about…

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Chief executive to stay on at Young\’s Seafood

BILL Showalter is to stay on as chief executive of Young’s Seafood, despite stepping down as a director of the company. He has been at the helm of Britain’s largest seafood business since July 2016, first as interim chief executive and then as full chief executive in January 2017. There had been some speculation about…

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Young\’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…

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Young\’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…

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Fish inflation hits Young\’s profits

THE rising cost of fish – both wild caught and farmed – appears to have hit the profits of Young’s, Britain’s largest seafood company. The Grimsby based business today reported second quarter (January 1 to March 30) turnover of £134.2 million, down by just over £2 million on the same period last year. The EBITDA…

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