‘Conman’ Shahin, buyer’s remorse at center of Mar-Lees legal battle, claims Lees
Mar-Lees CEO Shahin used Lithuanian billionaire Numavicius's ‘buyer's remorse’ to con him into replacing Lees with himself and give Shahin $5m for own company, John Lees alleges in court documents
Mar-Lees shareholder clash continues as 80% owner accuses John Lees of fraud
The owner of 80% of Mar-Lees, believed to be a Lithuanian businessman, is accusing the company’s co-founder, former CEO and 20% shareholder John Lees of fraud
Spanish researchers hope €2m Activeolive project will help fish exports
EU-funded Activeolive has 14 months to find innovative reuses of olive oil sector surpluses in conservation technologies destined to prolong fish products' life-cycle
Finnish seafood representatives pay visit to Vigo
Pro Kala Group, which represents 80% of the fish product sales industry in Finland, paid the Spanish fishing port of Vigo a visit 'to share know-how lessons', the port authorities told Undercurrent News
Unibond ups China production as cod sales bounce back
Whitefish and salmon processor boosting processing capacity in China through ‘strategic partnerships’ with other plants, as cod sales bounce back after 2012 dip
Spanish sushi pioneer on course for €4m sales despite Opencor closures
Sushita, a leading sushi manufacturer in Spain, is on lookout for new partnerships with large retailers, but plans to avoid stock market to fund expansion
Battle for Walmart supplier Yihe’s $40m frozen inventory heats up
Chinese companies are claiming ownership of Yihe’s $40m in frozen inventory as collateral for alleged debts for fish supplies, with its receiver filing legal action in return
China creditor loses bid to remove Yihe receiver over ‘insider’ allegations
A $1bn turnover Chinese corporation has been overruled in its bid to remove James Wong as receiver of Yihe, after alleging Wong acted as the Walmart supplier’s CFO and was ineligible to serve as receiver
Sustainability Incubator founder getting companies into Walmart
As middlemen begin wanting some say in defining good sourcing methods, there are more roads to sustainability than simply through certifications, says Katrina Nakamura
Warehouse creditor takes over running of Yihe China supply plant Qingdao Hairong
The running of processing plant for Walmart supplier Yihe, now in receivership in the US, has been taken over by a creditor coldstorage company, sources told Undercurrent News