Performance Food Group to Supply All US Red Lobster Stores in Deal Valued at $500 Million
SEAFOODNEWS.COM [SeafoodNews] May 5, 2016
Performance Food Group (PFG) announced a multi-year deal to supply Red Lobster’s 670 stores in the US market that the broad line foodservice provider expects to boost sales by $500 million.
The deal was included in PFG’s third quarter fiscal earnings report. PFG said it will provide Red Lobster will “distribution solutions” to all of Red Lobster’s restaurants in the US. The company said the agreement will provide Red lobster with numerous strategic, financial and operational benefits....
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