Young’s expands in US market

SIX months after Young’s Seafood launched its brand in the US it has announced further growth with increased distribution, new products and extensions to the existing lines. In January 2018, Young’s entered the US market in partnership with the Fishin’ Company by securing national distribution at Walmart, Sam’s Club, and several grocery chains operated by…

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Young's set to lose £30m Asda contract

THE seemingly endless merry-go-round of winning and losing major fish contracts took a new turn last night with news that Young’s Seafood is poised to lose a £30 million contract with the supermarket chain ASDA. The impact on jobs is still to be assessed. The contract is in two parts – a shrimp or prawn…

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Young's confirms Pinneys closure

YOUNG’S Seafood has confirmed that it is going ahead with its decision to close its Pinneys factory in Annan. The site employs 450 people, more than four per cent of a town which has a total population of a little under 10,000. But when pitched against the size of the workforce, the figure is probably…

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Young's sales continue to rise

YOUNG’S Seafood is continuing to enjoy sales growth, both in the UK and in its new markets in the United States. The company has reported turnover for the second quarter of its financial year (January 1 to March 31) of £136.3 million and an EBITDA (earnings before interest, tax and depreciation) of £5.5 million, maintaining…

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Scale of Five Star losses revealed

FIVE Star Fish, the seafood business which is threatening to close its Grimsby site with a potential loss of almost 400 jobs, has reported a significant increase in its losses despite a large rise in turnover. The secondary white fish processor is a wholly owned subsidiary of Boparan Holdings, which deals mainly in poultry under the 2Sisters Food…

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Young's boosts ‘responsibility’ team

YOUNG’S Seafood has strengthened its corporate social responsibility team with the appointment of a leading marine biologist. He is Cameron Moffat (pictured), who is joining Young’s from the Marine Stewardship Council (MSC). He was previously a project support officer with the MSC and has taken on a significant role, designed to drive forward the company’s responsible seafood strategy which has been…

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St James Smokehouse to buy Pinneys

THE owner of the award winning Scottish salmon company St James Smokehouse said speculation that he was planning to buy Pinneys was correct. Brendan Maher (pictured) said he and his factory manager, Leo Sprott, had spent 10 hours at the factory in Annan, which Young’s Seafood has put up for sale. ‘We spent 10 hours…

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Fashion chain owner ‘eyeing Young's’

THE private equity company Sun Capital Partners, whose portfolio includes the women’s fashion chain Bonmarche and the UK bed maker Dreams, is reported to be considering a bid for Young’s Seafood. The current private equity owners announced on Thursday that Britain’s largest seafood business was being put up for sale. No price tag has been…

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St James Smokehouse eyes Pinneys

THE award winning Scottish salmon company St James Smokehouse has confirmed that it is interested in buying the Young’s Seafood Pinneys factory in Annan – and retaining all of the 450  people who work there. The company is based in Annan and specialises in high quality hand crafted smoked salmon products. The firm’s owner, Brendan Maher…

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Ministers pile pressure on Young’s

YOUNG’S Seafood is under pressure to reconsider its decision to close its Pinneys site at Annan, following direct intervention by the Scottish government. Scotland’s business minister, Paul Wheelhouse, has written to the company demanding that ‘no stone should be left unturned’ to save as many jobs as possible. It follows a number of earlier pleas…

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