The man who changed Canada’s lobster industry and his $1B deal to sell Clearwater
In Nova Scotia, John Risley is arguably a household name, synonymous with the seafood industry and his many conspicuous possessions. On both fronts, his reputation is well earned. In 1976, he and his brother-in-law Colin MacDonald started Clearwater, a dumpy retail lobster shop on the side of a suburban Halifax highway. From that simple start, Risley fundamentally changed the Atlantic Canadian lobster industry — transforming it from a seasonal, afterthought business to a year-round, $3-billion sector where lobsters are shipped overnight by air to customers in Europe and Asia, a premise unheard of before Risley entered the industry. Along the way, Clearwater matured into a global seafood company. >click to read< 07:43
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