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Captain Fresh withdraws IPO papers
Yahoo Finance· 2026-01-06 10:21
Group 1 - Captain Fresh has put its IPO application on hold to expedite the closure of an acquisition, reportedly of Spanish tuna company Frime [1][2] - The company has received regulatory approval for the acquisition and is in the final steps of the transaction, which is expected to significantly enhance its global market position [2][3] - Captain Fresh has stated that its IPO roadmap remains unaffected and it is committed to its original listing timelines, planning to file a fresh IPO once the acquisition is completed [3] Group 2 - In the first six months of its 2026 financial year, Captain Fresh has substantially surpassed its previous full-year EBITDA and PAT, indicating significant margin expansion and a path of profitable growth [4] - Founded in 2020, Captain Fresh has evolved from a technology-driven platform to a branded seafood player, with a portfolio that includes shrimp, salmon, crab, and lobster [4][5] - The company has made several acquisitions, including CenSea and Ocean Garden, which have expanded its product offerings and market reach [5][6]
$400,000 worth of lobster stolen en route to Costco wholesale stores in US
Sky News· 2025-12-28 06:07
Core Viewpoint - A significant theft of a $400,000 shipment of lobster intended for Costco has raised concerns about the increasing trend of freight thefts involving impersonation of legitimate carriers [1][2]. Group 1: Incident Details - The stolen shipment of lobsters was valued at $400,000 (£295,000) and was being transported by Rexing Companies to Costco stores in Illinois and Minnesota [1]. - The lobsters were picked up in Taunton, Massachusetts, but never reached their destination [1]. Group 2: Company Impact - The president of Rexing Companies, Dylan Rexing, stated that the theft was not random and is part of a growing pattern where criminals impersonate legitimate carriers [2]. - The loss from this theft is described as "significant" for Rexing Companies, which is based in Indiana [2]. Group 3: Industry Implications - The theft is expected to drive up costs across the supply chain, which will ultimately affect consumers [3]. - The FBI is currently investigating the incident, highlighting the seriousness of the issue [3]. - Rexing emphasized the need for federal agencies to have modern enforcement tools to combat organized criminal networks effectively [3][4]. - Without improved enforcement, such thefts are likely to continue disrupting businesses and impacting everyday prices [4].
X @Bloomberg
Bloomberg· 2025-08-15 10:15
Industry Trend - The lobster industry faces an uncertain future, potentially approaching its peak [1] Market Focus - The industry's reach extends from Maine coasts to Chinese banquet halls [1] Product Analysis - "The Lobster Trap" traces the future of lobster as a luxury food [1]
休渔期青岛市民餐桌不缺海鲜,7月多品类价格下降
Qi Lu Wan Bao Wang· 2025-07-24 08:24
Group 1 - In July, the prices of various seafood products in Qingdao have decreased, with stable prices for most farmed fish [1][5][6] - Retail prices for specific fish include: 65 CNY per jin for tongue fish, 35 CNY for blackhead fish, 120 CNY for East Star grouper, 45 CNY for tiger grouper, 40 CNY for eel, and 22 CNY for turbot [1][5] - The trading volume of live seafood in the Qingdao Chengyang wholesale market has increased compared to the same period last year, with a total trading volume of 29,965 tons in July [6][7] Group 2 - The price of premium seafood has also declined, with small lobsters selling for around 100 CNY each, down from previous highs [3][6] - The market manager noted that the decrease in seafood prices has led to an increase in trading volume, indicating a positive market response [6][7] - Qingdao's active regulation and promotion of sustainable aquaculture practices have contributed to the stability of seafood prices during the closed fishing season [7][8]
X @Bloomberg
Bloomberg· 2025-07-15 01:00
Climate Change Impact on Food Systems - Climate change is reshaping food systems [1] - Warming waters in Maine are causing lobsters to migrate [1] - Hurricanes in the Southeast impacted 60-70% of the pecan crop in Georgia [1]