16 October 1998
Albert Fisher dismisses chief executive

Albert Fisher dismisses chief executive

TROUBLED food group Albert Fisher has dismissed its chief executive after announcing a £20.5m loss and passing its final dividend for the year to the end of August.

The group appointed Terry Robinson, a former Lonrho director, chief executive after Neil England, chief executive since November 1996, was asked to leave.

The company, whose interests span fresh produce, prawns and pickles, has also put many of its operations up for sale.

Albert Fisher is looking for offers for its quality foods division, which makes salad dressings and dips, its chilled foods business, which makes salads, and its continental European seafood business.

The move follows similar moves by other food companies where profits have fallen.

Dalgety, Booker and Hillsdown have all looked to disposals or demerger to pay off debt and increase shareholder value.

  • Albert Fisher issues warning – FWi, 15 July, 1998
  • The Times 16/10/98 page 31, page 34 (Tempus)
  • The Independent 1610/98 page 19
  • Financial Times 16/10/98 page 19 (Observer), 21, 24
  • The Guardian 16/10/98 page 25 (News in Brief)
  • The Daily Telegraph 16/10/98 page 33
  • The Herald 16/10/98 page 25