Business & Finance
Mergers and acquisitions (M&As) in the tuna sector are currently few and far between due to the lack of right-sized businesses available and the high valuations being placed on those companies, according to Jose Antonio Zarzalejos, director of corporate finance at Price Waterhouse Cooper (PwC) Deals.
Speaking at the sixth European Tuna Conference in Brussels, Belgium before the 2017 Seafood Expo Global, Zarzalejos highlighted that while a num… Read More
Richard Pandolfo, a senior sales executive at National Fish & Seafood in Gloucester, Massachusetts, United States, pleaded guilty in federal court in Boston to tax fraud on 20 April. He will be sentenced on 13 July.
Pandolfo was indicted on the tax fraud charges by a federal grand jury last June for failing to pay nearly USD 26,000 (EUR 23,404) in taxes.
From 2008 to 2012, Pandolfo received “substantial supplemental income”… Read More
A series of meetings between Norwegian Prime Minister Erna Solberg and Alibaba CEO Jack Ma reveal the online retailer’s growing appetite for seafood – and especially salmon – from the Scandinavian country.
During the prime minister’s recent visits to Beijing and Shanghai, Solberg was treated to lavish hospitality events hosted with a guest list long in Chinese seafood executives. The premier’s two meetings with Aliba… Read More
The business competition Fish 2.0, now in its third installment, is evolving into a nexus of communication that is helping fight fragmentation in the seafood industry, according to its founding director Monica Jain.
Held every two years after an inaugural 2013 edition, Fish 2.0 is an open call for entrepreneurs and business owners in the seafood industry to propose their projects and get feedback from investors and industry professionals, a… Read More
The Board of Icelandic Group has announced its decision to initiate a sale process for its Seachill operation, a leading supplier of chilled fish to the U.K. retail market.
In addition to being a large chilled fish processor, Seachill is also the owner of The Saucy Fish Co., a four-time CoolBrand award winner, which this year also entered the frozen retail category.
Founded in 1998, Seachill´s revenues totaled GBP 266.3 million (USD 340.5 m… Read More
Marine Harvest achieved operational earnings before interest and taxes (EBIT) of EUR 215 million (USD 231 million) in the first quarter of this year, an increase of EUR 103 million (USD 110.7 million) compared to the corresponding period of 2016.
According to the Norway-headquartered salmon farmer’s latest trading update, the operational EBIT of its salmon of Norwegian origin in the last quarter increased to EUR 2.50 (USD 2.69) per kg &ndas… Read More
Chile-based Orizon Foods, a new subsidiary of Orizon S.A. and a global seafood supplier of over 60 years, is looking to break into the U.S. market with the help of mid-Atlantic integrated marketing firm GKV.
After officially debuting its products to the U.S. market during last month’s Seafood Expo North America event in Boston, Massachusetts, Orizon is working with GKV to further develop its brand identity, logo and packaging as well as enh… Read More
Peter Hajipieris has joined Singapore-based tilapia farming company Regal Springs Group as its global advisor for corporate social responsbility, sustainability and external affairs.
The Regal Springs Group raises tilapia in lakes in Indonesia, Honduras and Mexico without the use of chemicals, growth hormones or antibiotics. In August 2016, the company was purchased by Golden Springs Group, the parent company of Gold Coin Group, a feed company ba… Read More
Thiraphong Chansiri, CEO of Thai Union Group, will run in the Virgin London Marathon on 23 April 2017 to raise funds for WWF-UK.
Chansiri, a committed marathon runner, is aiming to raise a minimum of THB 90,000 (USD 2,628, EUR 2,472) in sponsorship from taking on the 26.2-mile route. In 2015, he successfully completed the Paris Marathon.
Thai Union has partnership agreements with WWF in a number of countries and is funding work to improve the ope… Read More
Elena Conterno Martinelli, who has served has president of Peru’s seafood trade body, the National Fisheries Society (SNP), since 2013, has been reelected for another two-year term.
SNP elections on 11 April also saw Ricardo Bernales of Pesquera Diamante become the group’s first vice-president and Austral Group’s Adriana Giudice elected as second vice president.
The SNP works to promote Peruvian fisheries and supports fisheries-… Read More