Thai Union Provides Update on Red Lobster in Q4 Results Amid Exit From Seafood Chain
Thai Union released its Q4 2023 results, shedding more light on the seafood giant’s decision to sell its stake in Red Lobster.
As SeafoodNews reported last month, Thai Union confirmed that they intend to “pursue an exit of its minority investment in Red Lobster.”
“The combination of COVID-19 pandemic, sustained industry headwinds, higher interest rates and rising material and labor costs have impacted Red Lobster, resulting in prolonged negative financial contributions to Thai Union and its shareholders,” Thai Union CEO Thiraphong Chansiri said...
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