REPORT: Red Lobster Hires Advisor After Facing Difficulties Related to COVID-19 Shutdowns
According to reports, Red Lobster has hired credit advisor Guggenheim. The news comes just as Thai Union released their financial statement for 2Q, which revealed a “high share of loss from Red Lobster” during the pandemic.
While the company has not announced that they have engaged with Guggenheim, FSR Magazine says that “sources familiar with the situation told Debtwire” about Red Lobster’s efforts to explore strategic options.
As the 2Q20 financial report reveals, Thai Union reported a net profit of THB 1,716mn, up 1,440% YOY...
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