Soaring Salmon Prices Slice Profits at UK's Wasabi Chain
SEAFOODNEWS.COM [The Telegraph] By Ashley Armstrong - August 22, 2017
Wasabi has blamed soaring salmon prices for its pre-tax profits tumbling from £2m to £769,598 last year.
Despite the jump in salmon costs, Wasabi grew sales sales from £80m to £98m in 2016 after increasing the number of branches from 49 to 55, including a second store in New York.
Wholesale salmon prices have soared by as much as 50pc in the past year after global supplies were hit by an infestation of sea lice...
To Read Full Story Login Below.