Thai Union’s Stake in Red Lobster Remains Strong in Second Quarter
SEAFOODNEWS.COM [Seafood News] by Amanda Buckle August 7, 2017
Thai Union, the world’s largest canned tuna producer, is benefitting from the 2016 deal in which they bought a stake in restaurant chain Red Lobster. The seafood chain brought in 235 million baht to the net profit in the second quarter, which translates to over $7 million in US dollars.
“Our strategic investment in Red Lobster and effort in cost control continue to deliver positive results,” said Thai Union Group CEO Thiraphong Chansiri...
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