Salmon prices slice Wasabi prof­its

Fish Farmer - - Processing News -

THE Wasabi sushi chain has blamed soar­ing salmon prices for its pre-tax from £2 mil­lion to £769,598 last year, the Daily Tele­graph re­ported last month.

De­spite the jump in salmon costs, Wasabi grew sales from £80 mil­lion to £98 mil­lion ing the num­ber of branches from 49 to 55, in­clud­ing a sec­ond store in New York.

Whole­sale salmon prices have soared by as much as 50 per cent in the past year.

‘Un­like many busi­nesses, Wasabi de­cided not to pass on the in­creased costs of salmon to our cus­tomers, pre­fer­ring in­stead to ab costs our­selves,’ said

‘The salmon whole­sale mar­ket is but we are very con in ex­cel­lent shape to ride out any fu­ture dur­ing the re­main­der of 2017.’

Wasabi re­cently signed a trial with Marks & Spencer to in­side the re­tailer’s larger shops by the end of this year.

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